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    Home»Markets»Ken Griffin’s Citadel and Different Hedge Fund Giants Win Massive on $53,000,000,000 Takeover of US Power Firm: Report – The Every day Hodl
    Ken Griffin’s Citadel and Different Hedge Fund Giants Win Massive on ,000,000,000 Takeover of US Power Firm: Report – The Every day Hodl
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    Ken Griffin’s Citadel and Different Hedge Fund Giants Win Massive on $53,000,000,000 Takeover of US Power Firm: Report – The Every day Hodl

    By Crypto EditorJuly 20, 2025No Comments2 Mins Read
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    A number of hedge funds are profiting large after their guess that fuel big Chevron would efficiently purchase competitor Hess Company in a $53 billion deal.

    Companies focusing on merger arbitrage are billions of {dollars} in windfall after a 20-month courtroom arbitration lastly concluded on Friday, Bloomberg reviews.

    Merger arbitrage is a buying and selling technique that entails betting on the result of a merger or acquisition, usually by taking lengthy and/or brief positions within the shares of the businesses concerned.

    Based on a Morgan Stanley calculation, shares of Hess have been essentially the most broadly held place for merger arbitrages within the US, collectively amounting to $10 billion price of positions.

    Notably amongst these betting on the acquisition have been Ken Griffin’s Citadel Advisors, Adage Capital and HBK Investments.

    Roy Behren, co-chief funding officer at Westchester Capital, says the agency held roughly $350 million in Hess shares in anticipation of the acquisition

    “I’ve been ready without end for this to occur. It took a yr and a half, however I believe the fitting final result was achieved… The Hess stake was the biggest place now we have had up to now 15 years. The arbitration panel dominated the best way our consultants and analysts anticipated.”

    Citadel and HBK every had the equal of $1 billion in shares, based on the companies’ newest filings, says Bloomberg.

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    Ken Griffin’s Citadel and Different Hedge Fund Giants Win Massive on $53,000,000,000 Takeover of US Power Firm: Report – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

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