On Wednesday, the U.S. unit of Iberdrola, a Spanish renewable energy group said, it has agreed to acquire U.S. utility PNM Resources for nearly $4.3 billion, In a regulatory filing Avangrid said, PNM’s board has unanimously approved the cash offer to its… Read More ›
According to a source familiar with the deal, Tesla Inc has agreed to acquire Germany’s ATW Automation, a supplier assembling battery modules and packs for the auto industry, for an undisclosed sum. ATW, a subsidiary of Canadian ATS Automation Tooling… Read More ›
According to sources familiar with the matter at hand, NextEra Energy Inc, a power producer, has recently made a takeover approach towards its peer Duke Energy Corp. Despite Duke, which has a market value of more than $60 billion, rebuffing… Read More ›
In a move that marks the acceleration of consolidation in Chinese brokerage firms, China’s Guolian Securities Co said it will acquire Sinolink Securities Co through a share swap and stake purchase. The development comes at a time when financial conglomerates… Read More ›
In a statement, International Flavors & Fragrances Inc stated, it will merge with DuPont Inc’s nutrition & bio-sciences unit in a deal worth $26.2 billion. Under terms of the agreement, DuPont’s shareholders will get 55.4% of the shares in the… Read More ›
The restructuring plan includes a write down of nearly $3 billion of its intangible assets. In a significant development, Coty Inc announced that it would overhaul its operations and write down nearly $3 billion of its intangible assets. The move… Read More ›
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
Disney has agreed to divest the local rights for the Fox Sports channel in Brazil to a buyer at no additional costs. In a significant development, Brazil’s antitrust regulator, CADE stated, Walt Disney Co has accepted its demand to sell… Read More ›
A major shareholder common to both banks is open to the idea of their merger. But question is, can they both turnaround on their own? On Wednesday, Cerberus, a U.S. investor which has a major stake in Germany’s Commerzbank and… Read More ›
GE to distribute 8.7 billion shares to its to shareholders on February 14. General Electric Co expects to close the merger of its transportation business with Wabtec Corp on Feb. 25. It will then set date for the distribution of… Read More ›
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