Ken Griffin’s Citadel and Other Hedge Fund Giants Win Big on $53,000,000,000 Takeover of US Energy Company: Report

{"id":"https://dailyhodl.com/?p=338808","title":"Ken Griffin’s Citadel and Other Hedge Fund Giants Win Big on $53,000,000,000 Takeover of US Energy Company: Report","primaryLink":"https://dailyhodl.com/2025/07/20/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/","links":["https://dailyhodl.com/2025/07/20/ken-griffins-citadel-and-other-hedge-fund-giants-win-big-on-53000000000-takeover-of-us-energy-company-report/"],"updatedOn":"0001-01-01 00:00:00Z","publishDate":"2025-07-20 18:45:21Z","summary":"

Several hedge funds are profiting big after their bet that gas giant Chevron would successfully acquire competitor Hess Corporation in a $53 billion deal. Firms that specialize in merger arbitrage are looking at billions of dollars in windfall after a 20-month court arbitration finally concluded on Friday, Bloomberg reports. Merger arbitrage is a trading strategy […]

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The post Ken Griffin’s Citadel and Other Hedge Fund Giants Win Big on $53,000,000,000 Takeover of US Energy Company: Report appeared first on The Daily Hodl.

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