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Chevron Offers to Acquire Noble Midstream Partners

· 02/05/2021 02:29

07:15 AM EST, 02/05/2021 (MT Newswires) -- Chevron (CVX) said Friday that it submitted a non-binding proposal to acquire the Noble Midstream Partners (NBLX) units that it does not already own, offering $12.47 in Chevron shares for each Noble Midstream unit.

The offer was submitted to the directors of Noble Midstream GP, the general partner of Noble Midstream. Chevron said definitive terms of the deal remain subject to negotiations and there is no guarantee that any transaction will push through.

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