11:19 AM EDT, 05/17/2024 (MT Newswires) -- Hess (HES) shareholder D.E. Shaw intends to abstain from voting on Chevron's ( CVX ) planned $53 billion takeover of the oil company, Bloomberg reported Friday, citing an interview with managing director Jason Singer.

D.E. Shaw is one of the top 15 shareholders in Hess, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 156.89, Change: +0.58, Percent Change: +0.37