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July 20, 2020, 7:47 p.m. EDT

SHAREHOLDER ALERT: WeissLaw LLP Investigates Noble Energy, Inc.

NEW YORK, July 20, 2020 /PRNewswire/ --

WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Noble Energy, Inc. ("NBL" or the "Company") /zigman2/quotes/210375673/composite NBL -0.17% in connection with the proposed acquisition of the Company by Chevron Corporation ("Chevron") /zigman2/quotes/205871374/composite CVX -0.63% .  Under the terms of the all-stock transaction, NBL shareholders will receive 0.1191 of a Chevron share for each share of NBL common stock that they own, representing implied per-share merger consideration of $10.15 based on CVX's July 20, 2020 closing price of $85.27.  At current valuations, NBL stockholders will receive a mere 5.5% premium upon the closing of the deal.

If you own NBL shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/noble-energy-inc./

Or please contact:

Joshua Rubin, Esq. WeissLaw LLP
1500 Broadway, 16 [th] Floor
New York, NY  10036
(212) 682-3025 (888) 593-4771stockinfo@weisslawllp.com

WeissLaw is investigating whether NBL's board acted to maximize shareholder value in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition,,  and whether all information regarding the valuation of the deal will be fully and fairly disclosed to NBL shareholders.  At least one analyst set a target price of $25.00 per NBL share, or approximately $15 above the near zero-premium $10.15 per-share merger consideration.  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

 

Cision
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SOURCE WeissLaw LLP

COMTEX_368257685/2454/2020-07-20T19:47:28

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/zigman2/quotes/210375673/composite
US : U.S.: Nasdaq
$ 8.98
-0.02 -0.17%
Volume: 6.41M
Sept. 22, 2020 3:12p
P/E Ratio
N/A
Dividend Yield
0.89%
Market Cap
$4.36 billion
Rev. per Employee
$1.91M
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/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 75.82
-0.48 -0.63%
Volume: 6.01M
Sept. 22, 2020 3:12p
P/E Ratio
N/A
Dividend Yield
6.80%
Market Cap
$142.48 billion
Rev. per Employee
$3.27M
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