Sht-Term Govt Bond Vanguard (VGSH)
$62.08 0.02 (0.03%)
19:41 EDT VGSH Stock Quote Delayed 30 Minutes
Previous Close $62.08
Market Cap 2.04B
PE Ratio -
Volume (Avg. Vol.) 1.29M
Day's Range 62.08 - 62.10
52-Week Range 60.05 - 62.47
Dividend & Yield 1.00 (1.62%)
VGSH Stock Predictions, Articles, and Sht-Term Govt Bond Vanguard News
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Glass Lewis recommends shareholders of Noble Energy (NBL -0.2%) vote in favor of the company's proposed $5B acquisition by Chevron (CVX -0.1%).The proxy advisory firm says it finds the proposed merger "both strategically and financially compelling" for Noble shareholders, with the combined company offering various benefits that would be unavailable to Noble as a standalone company.However, Glass Lewis says proposed golden parachute payments to executives including Noble Energy CEO David Stover which would be triggered by the sale of the company are "excessive" and should be rejected.Proxy advisor Institutional Shareholder Services already issued its own endorsement of the merger, saying a standalone Noble may be limited by "constrained liquidity," hurting the board's ability to give cash back to shareholders.
Israel's Petroleum Council says it approves Chevron's (CVX -0.7%) $5B acquisition of Noble Energy's (NBL -0.3%) stakes in Israeli natural gas fields, a key component of the deal.Israeli officials welcome the recommendation, while some environmental groups oppose handing over Israel's natural resources to Chevron and raised their concerns to the country's parliament.Chevron agreed in July to buy Noble, which operates two large offshore gas fields in the eastern Mediterranean; upon the deal closure, Chevron will be the first major energy group to enter the Israeli market.
Institutional Shareholder Services recommends Noble Energy (NBL -0.2%) shareholders vote in favor of the company's proposed acquisition by Chevron (CVX -0.4%).The all-stock nature of the deal gives Noble shareholders an opportunity to participate in dividends, synergies and potential upside in the combined company, ISS says, adding that the 7.6% premium at time of the deal announcement was the best available alternative.Energy prices likely will remain near current levels for the foreseeable future, so a standalone Noble may be limited by "constrained liquidity," hurting the board's ability to give cash back to shareholders, ISS says.Elliott Management reportedly is seeking to break up Chevron's takeover bid, believing Noble is better positioned to benefit from a recovery in oil prices on a standalone basis.