HES CVX M&A Arbitrage
CVX & HES are expected to complete a merger on 6/30/25. CVX will pay every holder of HES stock 1.025 shares of CVX per share of HES. This is represented by the spread. Spread has been widening since announcement date, and would be interesting to make a play on. FTC seems to be interested in having a say in the merger.
CVX*1.025-NYSE:HES
CVX*1.025-NYSE:HES 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.