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DewDiligence

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DewDiligence

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Re: Rocky3 post# 8477

Thursday, 05/22/2014 9:36:51 AM

Thursday, May 22, 2014 9:36:51 AM

Post# of 29342
HES—The $2.87B* total deal size for the sale of the retail business to MPC exceeds what most HES investors were expecting. Moreover, HES is using the after-tax proceeds to increase its planned share buybacks by an additional $2.5B (from $4B to $6.5B):

http://finance.yahoo.com/news/hess-announces-sale-retail-business-111500523.html

*Including the assumption of capital leases values at $274B.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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