Chevron to buy Renewable Energy Group in $3.15B deal

Feb. 28, 2022 7:37 AM ETChevron Corporation (CVX)By: Carl Surran, SA News Editor13 Comments

Group of rows of green stacked biofuel drums in storage warehouse

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Renewable Energy Group (NASDAQ:REGI) +37.3% pre-market after Chevron (NYSE:CVX) agrees to acquire the sustainable fuels producer in an all-cash deal valued at $3.15B.

Under the deal terms, Chevron will pay $61.50/share, a ~40% premium over Friday's $43.81 closing price.

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