Chevron announces agreement to acquire renewable energy group

San ramon, calif. & ames, iowa--(business wire)--chevron corporation (nyse: cvx) and renewable energy group, inc. (nasdaq: regi) (“reg”) announced today a definitive agreement under which chevron will acquire the outstanding shares of reg in an all-cash transaction valued at $3.15 billion, or $61.50 per share. the acquisition combines reg's growing renewable fuels production and leading feedstock capabilities with chevron's large manufacturing, distribution and commercial marketing position. “r
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