FTC Clears Chevron-Hess Takeover
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antitrust reviewReuters
•US FTC finalizes consent order for $53 billion Chevron-Hess merger
80% Informative
FTC approves consent order to resolve antitrust issues concerning Chevron 's $53 billion takeover of Hess .
John Hess , CEO of the oil and gas producer, will be barred from joining the combined company's board.
Exxon Mobil's challenge to the deal is due to be heard by a three -judge arbitration panel in May .
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