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Elliott Seeks Hess Shares Valued Over $800 Million, Board Seats

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Hess to Pursue Sale of Terminal Network, Exit Refining Business
The Hess Corp. oil refinery is shown in an aerial photo in Port Reading, N.J. Photographer: Mark Lennihan/AP Photo

Jan. 28 (Bloomberg) -- Elliott Associates LP may buy more than $800 million in shares of Hess Corp.

Elliott may seek board seats at the company’s annual meeting, according to a statement from New York-based Hess today.

Hess Corp. announced earlier today that it would exit the refining business.

Link to Statement:{NSN MHC8MO3V2800 <GO>}

Link to Company News:{704953Z US <Equity> CN <GO>} Link to Company News:{978325Z US <Equity> CN <GO>} Link to Company News:{HES US <Equity> CN <GO>}

To contact the editor responsible for this story: Jessica Resnick-Ault at jresnickault@bloomberg.net

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