Chevron Buys Hess In An All-Stock Deal – Merger Arbitrage Mondays – InsideArbitrage

Chevron Corporation (CVX) entered into a definitive agreement to acquire Hess Corporation (HES) for an enterprise value of $60 billion in an all-stock deal.
Rithm Capital (RITM) materially increased its offer to acquire Sculptor (SCU) for $12.70 per share after founder Dan Och and other investors fought for a higher price.