Chevron to Acquire Renewable Energy Group for $3.15 Billion

Chevron announced it’s acquiring Renewable Energy Group, a sustainable fuels producer, in a bid to accelerate its transition toward clean energy.

The all-cash transaction, valued at $3.15 billion or $61.50 per share in cash is a premium of about 40% from Renewable Energy Group’s (ticker: REGI) last closing price on Friday.

Chevron (CVX)…