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Adam Eckert

DARK SECRETS: Why renewable energy group shares are soaring today | Vintage Vibes

Chevron Chevron Corp CVX NYSE

Renewable Energy Group Inc (NASDAQ:REGI) is trading significantly higher Monday after Chevron Corp (NYSE:CVX) announced an agreement to acquire the company.

Under terms of the deal, Chevron is set to acquire the outstanding shares of Renewable Energy Group in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

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