Chevron To Buy Renewable Energy Group For US$3.15 Billion In Cash
Chevron Corporation (Chevron) and Renewable Energy Group Inc. (REG) announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at US$3.15 billion, or US$61.50 per REG share. The acquisition combines REG’s growing renewable fuels production and feedstock capabilities with Chevron’s manufacturing, distribution, and commercial marketing position. “REG was a founder of the renewable […]
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