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Stock Market & Financial Investment News

News Breaks
March 26, 2013
07:31 EDTHESHess Corp. urges investors to vote for its independent nominees
Hess Corporation sent a letter to all shareholders, which accompanied its definitive proxy materials filed in connection with its 2013 Annual Meeting of Shareholders, to be held on May 16. The Board recommends that shareholders vote for the election of its highly qualified independent nominees of Hess on the WHITE proxy card. Hess says "Despite the strong endorsement our plan has received from independent Wall Street analysts and our shareholders alike, Elliott Management – an activist hedge fund run by Paul Singer that only recently began accumulating Hess stock – is asking you to elect a slate of dissident directors who have already compromised their independence by agreeing to be paid directly by Elliott to support the hedge fund’s short term agenda. Under this highly unusual scheme, Elliott would control its directors by potentially paying them millions in cash to effectively dismantle Hess and all but foreclose the prospect of future value creation...Our eight incumbent directors have worked diligently to build Hess’ world class asset base and have positioned the company to achieve substantial long term growth by transforming Hess into a pure play E&P company. In addition to these distinguished directors, we have nominated five outstanding new independent candidates and appointed an additional independent director, who we believe represent the right mix of corporate leadership, operational and financial expertise, and top level E&P experience for the Hess we are becoming."
News For HES From The Last 14 Days
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May 27, 2015
08:03 EDTHESHarris CapRock selected by Hess Corp. for systems integration contract
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May 20, 2015
07:26 EDTHESUBS to hold a conference
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May 18, 2015
10:01 EDTHESOn The Fly: Analyst Downgrade Summary
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06:44 EDTHESHess Corp. downgraded to Neutral from Buy at Goldman
Goldman downgraded Hess to Neutral and lowered its price target to $68 from $80 based on reduced upside from lower oil/gas price forecasts.

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