The $3.15 billion deal to snap up Renewable Energy Group is in line with Chevron's (CVX) vision of churning out lower carbon energy in the future.
National Vision Holdings Inc. (NASD: EYE) will replace Renewable Energy Group Inc. (NASD: REGI) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 16. S&P 500 constituent Chevron Corp. (NYSE: CVX) acquired Renewable Energy Group in a deal that closed today, June 13.
LEAWOOD, KS / ACCESSWIRE / June 13, 2022 / TortoiseEcofin today announced that Renewable Energy Group Inc (NYSE:REGI) will be removed from the Tortoise Decarbonization Infrastructure IndexSM (DCRBN), Tortoise Recycling Decarbonization IndexSM (RCYCL), and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE), as a result of the approved merger with Chevron Corp (NYSE:CVX). Due to the merger, REGI will be removed from all three indices at market open on Wednesday, June 15, 2022.