Hess Corp (HES.N)
17 May 2013
|Market Cap (Mil.):||$23,920.99|
|Shares Outstanding (Mil.):||343.30|
NEW YORK/HOUSTON - Hess Corp placed three directors backed by hedge fund Elliott Management on its board on Thursday, settling a months-long feud over the oil company's governance and long-term strategy.
NEW YORK/HOUSTON, May 16 - Hess Corp placed three directors backed by hedge fund Elliott Management on its board on Thursday, settling a months-long feud over the oil company's governance and long-term strategy.
May 16 - Activist investor Elliott Management will settle for three seats on the board of Hess Corp and support the oil producer's five director nominees to end a proxy fight.
- Hedge fund Elliott Management Corp, which has already rejected a settlement offer from Hess Corp that would have given the activist investor two seats on the oil and gas company's board, said it would be willing to settle if Hess puts all five of the Elliott-backed nominees on the board.
* Elliott says all of its and Hess' nominees should be on the board
(Corrects paragraph 4 to say Hess's board currently comprises 14 members, not 13)
May 14 - Hedge fund Elliott Management Corp said on Tuesday that all of its board nominees and all of Hess Corp's should make up a reconstituted board, a day after the activist investor rejected the oil producer's offer of two board seats.
- Hess Corp offered hedge fund Elliott Management two seats on its board on Monday, but the activist investor rejected the proposal, calling it a "PR stunt."
May 13 - Hess Corp offered hedge fund Elliott Management two seats on its board on Monday, but the activist investor rejected the proposal, calling it a "PR stunt."
NEW YORK, May 13 - Oil and gas company Hess Corp offered hedge fund Elliott Management two seats on its board as the company looks to avoid losing five seats to the activist at its annual meeting this week.
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Earnings vs. Estimates
Analyst Research Reports
Provider: Pechala's Reports
Hess Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Jefferson Research Financial Sonar Report. A detailed analysis of the current fundamental performance of HESS CORP including Earnings Quality, Cash Flow Quality, Operating Efficiency, Balance Sheet Quality and Valuation.
Provider: Jefferson Research
Provider: ValuEngine, Inc.
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