Deals
Chevron in Talks for $3 Billion Renewable Energy Group Deal
- Oil major discussing paying $61.50 per share for company
- Deal would extend Chevron’s reach into biofuels market
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Chevron Corp. is in advanced talks to buy Renewable Energy Group Inc. for about $3 billion, according to people familiar with the matter, as the oil major looks to make a big bet on green diesel.
Renewable Energy rose more than 36% in after-market trading on the news.