The biggest topic of the day is that Chevron buys Atlas Energy for $4.3 billion. This is huge for Chevron because this allows the company to expand its market share. Chevron is already the second largest energy company in the United States. For Chevron, appreciate of the acquisition offers Atlas shareholders a little bit more for its bang for its bucks. Before Chevron completely takes over Atlas, the company would inherit $1.1 billion dollars in debt. Chevron’s deal with Atlas needs to go through a thorough process. Atlas area of expertise is natural gas; therefore, different restriction and regulations apply to acquisition.
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