Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Mergers Unleashed can deliver.
FREE site registration entitles you to:
Merger Mogul, Cross-Border M&A News, Private Equity Real Estate Alert and Post-Merger Integration News, our free email news alerts
Expert M&A and Private Equity Blogs
Industry White Papers
The chemicals company threatens legal recourse, is looking at other ventures, and will hasten cuts.
Milan Shah, a former Deutsche Bank investment banker, was hired as vice president of Albemarle Corporation.
The troubled mining company will expand divestitures and cut 14,000 employees.
The PE shop concentrating on African investments makes a play in the water and power production space.
As auto parts makers are suspended in limbo awaiting the federal intervention—or, refusal—to save the Big Three automakers, General Dynamics makes a M&A play.
Wilbur Ross' and investment manager Invesco's investment partnership, Invesco WL Ross, has teamed up with China's Huaneng Capital Services for a new joint venture.
Washington-stage utility Puget Energy Inc. has a $3.1 billion debt load that nearly equals its total market capitalization, which, as of press time, stood at $3.4 billion. That's not the kind of capital structure that tends to attract financial buyers. Moreover, the red tape involved with deals in the utilities sector would normally turn off to potential suitors, as certainty can be difficult find in the space. With that said, Puget Energy took one step closer to its sale to Macquarie Infrastructure Partners earlier this month, when it received shareholder approval for the deal. While a potential transaction will still undergo months of scrutiny by regulators, the efforts of Macquarie, underscore the hurdles buyers are willing to cross to snap up properties in the sector.
The proposed legislation requiring more disclosures from foreign suitors of German companies faces changes that would make the deal approval process easier for foreign bidders based in EU member states.
Energy Investors Funds has agreed to buy 14 Cogentrix Energy plants from The Goldman Sachs Group, Inc. The transaction is expected to close by the end of the calendar year and is subject to customary closing conditions, including receipt of regulatory approvals. The purchase encompasses 80 percent of Cogentrix's interest in 14 power projects totaling 2,336 net megawatts. Cogentrix will retain a 20% minority interest in the positions being sold. Cogentrix was acquired by Goldman Sachs in December 2003.
The market is skeptical about a takeout of $5 billion market cap SunPower Corp., despite the lingering possibility Cypress Semiconductor Corp. will unload its majority ownership.
|
©2009 Mergers Unleashed and SourceMedia, Inc. All rights reserved. |
|