Hess Corp, Elliott Reach Deal On Board – ValueWalk Premium
Hess Corp

Hess Corp, Elliott Reach Deal On Board

Hess Corp. (NYSE:HES) and Elliott Management finally peace-out on a four month long proxy fight. Today just before the annual shareholder meeting, both parties agreed on a deal that allows three of the five Elliott nominees to the board of directors and in exchange Elliott will not contest the five board members that Hess Corp. (NYSE:HES) nominates, Bloomberg reports.

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