Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris.

After nearly two years of legal limbo and uncertainty, Chevron (NYSE:CVX) has officially sealed its $53 billion acquisition of Hess Corp.and merger arbitrageurs are walking away with a big win. Top hedge funds like Citadel Advisors,

Critical ruling gives Chevron the go-ahead for $53B Hess deal, and access to one of the biggest oil finds of the decade