Triplepoint Venture Growth BDC Corp
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Financials : Capital Markets | Small Cap BlendCompany profile

TriplePoint Venture Growth BDC Corp. is a closed-end, non-diversified management investment company. The Company's investment objective is to maximize its total return to stockholders primarily in the form of current income and, to a lesser extent, capital appreciation by primarily lending with warrants to venture growth stage companies focused in technology, life sciences and other high growth industries, which are backed by TriplePoint Capital LLC's (TPC) select group of venture capital investors. The Company targets investment opportunities in venture growth stage companies backed by venture capital investors. The Company originates and invests primarily in loans that have a secured collateral position and are used by venture growth stage companies to finance their continued expansion and growth, equipment financings and, on a select basis, revolving loans. The Company is managed by TPVG Advisers LLC.

Closing Price
$16.40
Day's Change
-0.03 (-0.18%)
Bid
--
Ask
--
B/A Size
--
Day's High
16.49
Day's Low
16.30
Volume
(Light)
Volume:
170,315

10-day average volume:
240,879
170,315

Chevron's stock surges after refusing to raise bid for Anadarko, expects $1 billion merger termination fee

8:40 am ET May 9, 2019 (MarketWatch)
Print

Shares of Chevron Corp. (CVX) shot up 3.1% in premarket trade Thursday, after the oil giant said it would not raise its bid to buy Anadarko Petroleum Corp. (APC), and expects Anadarko to terminate the merger deal. "Winning in any environment doesn't mean winning at any cost," said Chevron Chief Executive Michael Wirth. "Cost and capital discipline always matter, and we will not dilute our returns or erode value for our shareholders for the sake of doing a deal." Chevron's announcement comes after Occidental Petroleum Corp.'s (OXY)recently revised its rival higher bid (http://www.marketwatch.com/story/occidental-steals-chevrons-thunder-in-battle-for-anadarko-2019-05-06) for Anadarko to include more cash. Anadarko's stock fell 2.0% and Occidental's stock fell 3.9% ahead of the open. Chevron said if the deal is terminated, Anadarko will be required to pay Chevron a termination fee of $1 billion. In addition, Chevron will increase its stock repurchase program by 25% to $5 billion a year. Chevron's stock has lost 8.7% over the past 12 months, while Occidental shares have tumbled 26.9% and the Dow Jones Industrial Average has gained 5.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 09, 2019 08:40 ET (12:40 GMT)

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