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US FTC finalizes consent order for $53 billion Chevron-Hess merger

Reuters
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FTC approves consent order to resolve antitrust issues concerning Chevron 's $53 billion takeover of Hess .

John Hess , CEO of the oil and gas producer, will be barred from joining the combined company's board.

Exxon Mobil's challenge to the deal is due to be heard by a three -judge arbitration panel in May .