Elliot Management calls the offer of Hess Corp of two directors a "PR stunt". In a bid to appease Elliott Management, Hess Corp has offered the maverick investment fund two seats on the board.
Tags: Hess Corp
Marathon Oil plans to sell shares through public offering
Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.
Hess Corp to sell storage terminal network
According to a Reuters report, Hess Corp had planned to sell its storage terminal network valued USD850 to Buckeye Partners LP.
Hess Corp and Newfields Exploration Co get offers for Asian assets
Hess Corp and Newfields Exploration Co receive substantial offers for Asian assets. Hess Corp. (HES) and Newfields Exploration Co. (NFX) are reportedly selling Asian assets.
Hess to Start Sale Process for Oil-Terminal Network
Hess Corp started the sale of its oil terminal as the company seeks to receive US$1 billion for the asset.
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