Deal snapshot: Chevron Closes Acquisition of Biodiesel Producer Renewable Energy Group.

MANews-(C)2009-2022

US-based oil and gas major Chevron Corp. (NYSE: CVX) has closed the acquisition of the outstanding shares of Iowa, US-based biofuel producer Renewable Energy Group, Inc. (NASDAQ: REGI) in an all-cash transaction valued at USD 3.15bn, or USD 61.50 per share, the company said.

The acquisition combines REG's growing...

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