Renewable Energy Group Stock News

Renewable Energy Group (REGI) delivered earnings and revenue surprises of 24.10% and 5.83%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stoc

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) have announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at US$3.15 billion, or US$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. Latham & Watkins LLP represents REG in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Mark Gerstein and New York partner David Owen, with associates Sean Parish, Aidan Milstead, Andrew James, Micah Kamoe, Autumn The post Latham & Watkins Advises Renewable Energy Group in US$3.15 Billion Acquisition by Chevron appeared first on Legal Desire .

An oil and gas giant wants to buy the biodiesel maker for more than $3 billion.

An oil and gas giant wants to buy the biodiesel maker for more than $3 billion.

The acquisition is said to stem from the oil and gas industry's recent initiatives to produce cleaner sources of energy.

Chevron, the second-biggest U.S. oil and gas producer, said it would pay $61.5 in cash for each share of Renewable Energy, a premium of over 40% to the company’s close on Feb. 25.

U.S. stocks traded lower in another volatile session toward the end of trading on Monday, amid the ongoing Russia-Ukraine conflict, which has led to increased U.S. sanctions on Russia. The Dow traded

Gainers: Renewable Energy Group (REGI) +40%. NextDecade Corporation (NEXT) +18%

Chevron Corp has tapped Paul, Weiss, Rifkind, Wharton & Garrison to lead its $3.15 billion acquisition of Renewable Energy Group Inc (REG), which hired Latham & Watkins for the deal.

An oil and gas giant wants to buy the biodiesel maker for more than $3 billion.

Renewable Energy (REGI) is rising higher on Monday following news that Chevron (CVX) is going to acquire the company for $61.50 per share.

(Bloomberg) -- Chevron Corp.’s $3.1 billion purchase of Renewable Energy Group Inc. is a statement of the oil giant’s intent to accelerate its energy transition strategy, according to Chief Executive Officer Mike Wirth.

Gainers Mullen Automotive, Inc. (NASDAQ: MULN ) jumped 74.4% to $1.20 after the company reported progress on solid-state polymer battery pack development. Renewable Energy Group, Inc. (NASDAQ: REGI ) shares jumped 38.7% to $60.75 after Chevron Corp (NYSE: CVX ) announced an agreement to acquire the company. IntriCon Corporation (NASDAQ: IIN ) gained 37.3% to $23.91 after the company agreed to be acquired by an affiliate of Altaris Capital Partners for $241 million. IntriCon also posted Q4 EPS of $0.23. NeuroSense Therapeutics Ltd. (NASDAQ: NRSN ) climbed 30.5% to $2.01 after gaining around 8% on Friday. First Horizon Corporation (NYSE: FHN ) shares climbed 30.4% to $23.80 after TD announced acquisition of the company for $25 per share in cash. Imperial Petroleum Inc. (NASDAQ: IMPP ) shares rose 26% to $2.6450 after jumping around 34% on Friday. Everbridge, Inc. (NASDAQ: EVBG ) gained 23% to $37.67. Lifeway Foods, Inc. (NASDAQ: LWAY ) surged 20% to $6.60. Azure Power Global Limited (NYSE: AZRE ) gained 19.9% to $18.76.

U.S. stocks pared some of its losses with the Nasdaq turning positive midway through trading on Monday, amid the ongoing Russia-Ukraine conflict, which has led to increased US sanctions on Russia. The Dow traded down 0.41% to 33,920.57 while the NASDAQ rose 0.73% to 13,794.09. The S&P also fell, dropping, 0.02% to 4,383.71. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 2% on Friday. Meanwhile, top gainers in the sector included Renewable Energy Group, Inc. (NASDAQ: REGI ), up 39% and Nordic American Tankers Limited (NYSE: NAT ) up 23%. In trading on Friday, consumer staples shares fell by 1.2%. Top Headline Dentsply Sirona Inc (NASDAQ: XRAY ) reported weaker-than-expected earnings for its fourth quarter. Dentsply Sirona’s Q4 FY21 sales increased 0.6% Y/Y to $1.09 billion, missing the consensus of $1.13 billion. Adjusted EPS decreased to $0.76 from $0.87 a year ago and below the consensus of $0.79. The company said it expects adjusted EPS of $3.05 - $3.25, up 6% -13% Y/Y, compared to the consensus of $3.19.

Gainers: Mullen Automotive MULN +126%.Renewable Energy Group REGI +40%.IntriCon IIN +37%.First Horizon FHN +29%.Nordic American Tankers NAT +27%.NeuroSense…