Peyto Exploration & Development Corp. (PEY), a Canadian energy company, said on Thursday that it entered into a deal to acquire Repsol Canada Energy Partnership, for $468 million in cash. Repsol Canada holds the Canadian upstream oil and gas business of Repsol Exploración, S.A.U. (REPYY.PK), including all related midstream facilities […]
Read moreBroadcom Gets Conditional Nod From European Commission To Buy VMware
Broadcom Inc. (AVGO), a semiconductor and software solutions provider, said on Wednesday that it has received conditional approval from the European Commission or EC to close its proposed acquisition of VMware, Inc. (VMW), an innovator in enterprise software. Broadcom now expects the transaction to conclude in its fiscal 2023. Earlier, […]
Read moreStratasys Board Rejects Nano Dimension's Partial Tender Offer
Stratasys Ltd. (SSYS), a 3D printing solutions provider, announced Tuesday that its Board of Directors unanimously rejected the partial tender offer by Nano Dimension Ltd. (NNDM), noting that the $18 per share cash offer substantially undervalues the firm and is not in the best interests of its shareholders. As announced […]
Read moreAEP To Terminate Deal To Sell Kentucky Operations To Algonquin Power Unit; Backs FY23 View
American Electric Power (AEP) announced Monday that it has mutually agreed to terminate its previously announced deal to sell Kentucky operations, i.e., Kentucky Power Co. and AEP Kentucky Transmission Co., Inc., to Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp. (AQN,AQN.TO). Further, the company reaffirmed its fiscal […]
Read moreEnergy expert sounds alarm over California power grid: 'Stressed to the limit'
video Making renewable energy switch will ‘cost a lot more’ than California thinks: Edward Ring California Policy Center Senior Fellow Edward Ring argues storage and distribution of wind and solar energy must be improved before making a fully renewable transition. As California leaders continue to push a renewable energy agenda, […]
Read morePrimary Health Buys Axis Technical Services; Signs Long-term Deal With Axis Heath Care Assets
Primary Health Properties Plc (PHP.L) Monday announced that it has acquired Axis Technical Services Ltd., an Irish property management business. As part of its efforts to further strengthen position in Ireland, the company also signed a long-term Development Pipeline Agreement with Axis Heath Care Assets Limited, a related company owned […]
Read moreUS poised to become net exporter of crude oil in 2023
video US energy needs to be ‘affordable, reliable and cleaner’: Chevron CEO Mike Wirth Chevron Chairman and CEO Mike Wirth discussed the oil company’s growth outlook and Biden’s energy agenda on ‘Mornings with Maria.’ The United States has become a global crude oil exporting power over the last few years, […]
Read moreEquifax Floats Offer To Acquire Brazil’s Boa Vista Serviços In $583 Mln Deal
Data, analytics, and technology company Equifax, Inc. (EFX) announced Monday it has made an offer to the Boa Vista Serviços’ Board of Directors to acquire all outstanding shares of Boa Vista Serviços, the second largest consumer credit bureau in Brazil, for R$8.00 per share, implying an estimated total enterprise value […]
Read moreChina calls for oil to be traded with yuan at Gulf summit in Saudi Arabia
video China’s Xi got a welcome from Saudis not afforded to Biden: Mary Kissel Former Secretary of State Pompeo senior advisor Mary Kissel reacts to Xi Jinping meeting with the Saudi crown prince, telling ‘Mornings with Maria’ this is a ‘significant strategic move by China.’ Chinese President Xi Jinping on […]
Read moreRussia oil price cap a ‘stupid and futile gesture’ that won’t work, analyst warns
video Price cap on Russian oil could backfire: Phil Flynn FOX Business contributor and Price Futures Group market analyst Phil Flynn discusses the global impact of a price cap on Russian oil. With a price cap on Russian oil possibly being announced as soon as Wednesday, market experts are weighing […]
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