April 26 (Reuters) - Hess Corp ( HES ) set May 28 for a
special meeting of shareholders to vote on Chevron Corp ( CVX )
's $53 billion buyout offer, the company said in a
securities filing on Friday.
Chevron ( CVX ) last October offered to acquire Hess Corp ( HES )
in a move to gain a foothold in oil-rich Guyana's
lucrative offshore fields. The deal has been stalled by a
regulatory review and challenged by Exxon Mobil ( XOM ), which
has filed an arbitration claim that could block the deal.
The CEO of the no. 2 U.S. oil producer said on Friday
said the company expects to certify in coming weeks it has
substantially complied with the Federal Trade Commission's
second request for information.
"We believe that a preemption right does not apply to
this transaction and are confident this will be affirmed in
arbitration,"
CEO Michael Wirth said
in a conference call with analysts earlier in the day.