Author: Vitaliy Dadalyan

Did Hedge Funds Make The Right Call On Momo Inc (MOMO) ?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...

Chevron To Buy Noble Energy For $5 Billion In All-Stock Deal

U.S. energy giant Chevron Corp. (CVX) has entered into a definitive agreement to buy all of the outstanding shares of Noble Energy, Inc. (NBL) in an all-stock deal valued at $5 billion.Under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The transaction price of $10.38 per share represents a premium of about 7.5% to Noble’s Friday close. Upon deal closure, Noble shareholders will own about 3% of the combined company. The total enterprise value, including debt, of the transaction amounts to $13 billion.Noble shares rose 6% to $10.22 in morning U.S. trading, while Chevron dropped 1.7% to $85.77.Chevron said the acquisition provides the company with low-cost, proved reserves and attractive undeveloped resources that will boost an already advantaged upstream portfolio. Noble has low-capital, cash-generating offshore assets in Israel, with which Chevron hopes to strengthen its position in the Eastern Mediterranean.Noble’s...