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Elliott Said To Seek To Break Up Chevron’s Takeover Of Noble

by bloomberg.com posted 2weeks ago 3 views
Activist investor Elliott Management Corp. plans to push for Noble Energy Inc. to abandon its plans to sell itself to Chevron Corp., arguing the deal undervalues the oil and gas producer, according to people familiar with the matter. The New York-based hedge fund, which is run by billionaire Paul Singer, believes the takeover was done at the wrong time for the wrong reasons, said the people, who asked not to be identified as the matter is private.

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