Chevron's Hess Acquisition Fuels Broader M&A Frenzy

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As the Russian revolutionary Vladimir Lenin put it: "There are decades where nothing happens; and there are weeks where decades happen."

This is one of those weeks. On Monday, Chevron said it would acquire energy player Hess for $53 billion. It's the latest megadeal in a wildly active industry this month, and it's happening during one of the most pronounced deal droughts on Wall Street in recent memory.

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Source Fool.com