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Stock Market & Financial Investment News

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January 29, 2013
08:09 EDTHESEllios Management urges Hess shareholders to elect directors of the Board
Elliott Management sent a letter to shareholders of Hess urging them to elect at the Company's 2013 Annual Meeting the following slate of five independent directors to the Board: Rodney F. Chase, former Deputy Chief Executive, BP; Harvey Golub, former CEO, American Express; Karl F. Kurz, former COO, Anadarko Petroleum; David McManus, former Executive Vice President, Pioneer Natural Resources Compan; Marshall D. Smith, CFO, Ultra Petroleum. Alternate board nominees are William Berry, former Executive Vice President, ConocoPhillips and Jonathan R. Macey, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School. Elliott strongly advocates for Hess to conduct a full strategic and operational review to consider all pathways to maximize shareholder value which could include implementing a substantial divestment program with a potential spinoff of the Bakken asset to refocus its portfolio; improving operations and accountability; and bringing greater discipline to capital allocation.
News For HES From The Last 14 Days
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September 18, 2014
07:38 EDTHESUBS to hold a conference
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September 17, 2014
10:44 EDTHESHess, PDVSA said to finally find buyer for Hovensa refinery, TankTerminals says
U.S. Virgin Islands Governor John de Jongh said Monday that Hovensa, which is jointly owned by Hess and PDVSA, has agreed in principle with an unidentified buyer for the sale of its refinery assets, though a Hovensa spokesman said Tuesday that the company has no comments on a deal or the governor's comments, reported TankTerminals.com. Reference Link

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