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Chevron acquires US competitor in billion-dollar deal

US oil company Chevron acquires competitor in a deal worth nearly USD 5 billion. Chevron pays in equities.

Photo: Loren Elliott/Reuters/Ritzau Scanpix

Oil supermajor Chevron is close to acquiring independent US energy company Noble Energy, writes Bloomberg News.

The deal pertains a share acquisition for USD 10.38 per share, which gives Noble Energy shareholders a 7.6 percent premium compared to Friday's closing price.

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