{"id":5139,"date":"2020-09-10T05:03:52","date_gmt":"2020-09-10T05:03:52","guid":{"rendered":"http:\/\/euromenaenergy.com\/?p=5139"},"modified":"2020-09-10T05:03:52","modified_gmt":"2020-09-10T05:03:52","slug":"elliott-discloses-stake-in-takeover-target-noble-energy","status":"publish","type":"post","link":"https:\/\/emimer.com\/?p=5139","title":{"rendered":"Elliott Discloses Stake in Takeover Target Noble Energy"},"content":{"rendered":"<p>Activist investor\u00a0Elliott Management Corp. has taken a stake in\u00a0Noble Energy Inc., the energy explorer that\u00a0<a title=\"Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal (2)\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-20\/chevron-agrees-to-buy-noble-energy-for-5-billion\" target=\"_blank\" rel=\"noopener noreferrer\">agreed<\/a>\u00a0in July to sell to\u00a0Chevron Corp. for about $5 billion.<\/p>\n<p>The stake was disclosed in a filing Tuesday with the U.S. Federal Trade Commission. Noble Energy and the New York-based hedge fund run by Paul Singer were granted early termination under the FTC\u2019s Hart-Scott-Rodino Act &#8212; a requirement when an investor buys shares in a company above a certain threshold and seeks to hold discussions about such things as strategy or management changes.<\/p>\n<div data-position=\"mobile-box\">\n<p>he size of the stake and Elliott\u2019s intentions aren\u2019t known. Representatives for Elliott and Noble Energy weren\u2019t immediately available for comment.<\/p>\n<p>Chevron agreed to buy Noble Energy for the equivalent of roughly $10.38 a share at the time in the all-stock deal, a 7.5% premium over the last Friday\u2019s close. Noble Energy investors are expected to vote on the deal Oct. 2.<\/p>\n<p>Noble fell nearly 2% in trading Tuesday to $9.52 a share as of 12:18 p.m. in New York.<\/p>\n<p>Elliott has a history of buying stakes in companies and pushing for changes, including breaking up potential transactions. It\u2019s agitated at companies including AT&amp;T Inc., Twitter Inc., and Softbank Group Corp., among others.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Activist investor\u00a0Elliott Management Corp. has taken a stake in\u00a0Noble Energy Inc., the energy explorer that\u00a0agreed\u00a0in July to sell to\u00a0Chevron Corp. for about $5 billion. The stake was disclosed in a filing Tuesday&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,19,22],"tags":[46,48,57,68,76,77,82,86,87,90,96,99,103,107,109,111,113,137,139,146,148,160,174,183,184,201,202,209,222,230,232,233,244,246,249,256,262,263,267,277,279,280,285,288],"class_list":["post-5139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-lng","category-oil-gas","tag-aramco","tag-athens","tag-baroudi","tag-carbon","tag-climate","tag-climate-change","tag-co2","tag-cyprus","tag-decarbonising","tag-democracy","tag-doha","tag-eastmed","tag-egypt","tag-embargo","tag-emissions","tag-energy","tag-energy-peace","tag-gas","tag-gazprom","tag-greece","tag-greenenergy","tag-international-maritime-disputes","tag-lebanon","tag-maritime-boundaries-east-mediterranean","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-pollution","tag-poverty-alleviation","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-solar","tag-solar-power","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-turkey","tag-unclos","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/5139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5139"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/5139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/5140"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}