Chevron to acquire noble energy in all-stock deal valued at $5 bln

Chevron announces agreement to acquire noble energy.chevron corp - to acquire all of outstanding shares of noble energy in an all-stock transaction valued at $5 billion, or $10.38 per share..chevron corp - deal delivers $300 million in anticipated annual pre-tax synergies.chevron corp - noble energy shareholders will receive 0.1191 shares of chevron for each noble energy share.chevron corp - total enterprise value, including debt, of transaction is $13 billion.chevron corp - deal accretive to roce, free cash flow and earnings.chevron corp - upon closing of deal, chevron will issue about 58 million shares of stock.chevron corp - transaction is expected to achieve run-rate operating and other cost synergies of $300 million before-tax within a year of closing.chevron - following closing of transaction, noble energy shareholders will own about 3% of combined company.chevron corp - transaction has been unanimously approved by boards of directors of both companies.chevron corp - acquisition is subject to noble energy shareholder approval.
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