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REGI / Renewable Energy shares soar 32.6% premarket on news Chevron to acquire company for $3.15 billion in cash

Renewable Energy shares soar 32.6% premarket on news Chevron to acquire company for $3.15 billion in cash
Shares of Renewable Energy Group Inc. REGI, +1.74% soared 32.6% in premarket trade Monday, after announcing an agreement for Chevron Corp. CVX, +4.10% to acquire the company in an all-cash deal valued at $3.15 billion. Under the terms of the deal, Chevron will pay $61.50 per each Renewable Energy share owned, for a premium of about 57% over a 30-day averaged based on its closing stock price Friday. Read More
Posted: Feb 28 2022, 07:10
Author Name: Market Watch
Views: 110985

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