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Emera has reached an agreement to buy Teco Energy for $6.5 billion in cash, a move that would double the Canadian utility’s assets to $20 billion and significantly boost its U.S. footprint.
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Germany’s BASF and Russia’s Gazprom will complete an asset-swap deal signed in 2013 but called off last year amid tension between Russia and the West.
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It is a target-rich environment for risk arbitrageurs.
Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A;, IPOs, banks, hedge funds and private equity.
Alexia Howard, a closely-followed food and beverage analyst at Bernstein, outlined in a research report how Mondelez shareholders could win big if the company ramps up its cost cuts.
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Southern Co. is taking on a lot of debt to buy AGL. The market’s muted reaction won’t be lost on other utilities seeking growth.
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The miner and commodities trader produced extra cash flows in the first half of the year. But concerns around its business model, earnings power and balance sheet remain.
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Activist hedge fund ValueAct has taken a stake in the U.K. engineering company, but it isn’t clear what changes can be quickly implemented.
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DirecTV helps make AT&T; more financially secure. But the strategic wisdom behind the deal remains unproven.
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Berkshire Hathaway’s sheer scale makes megadeals like Precision Castparts necessary, highlighting the challenge of maintaining momentum.
What would private equity professionals most like to change about their industry?
The issuance of leveraged loans-the fuel driving the engines of corporate mergers, buyouts and debt refinancings-has declined significantly over the past year.
Here's what economists had to say about Friday's report.
Patriot Coal's miners will get to vote on a revised collective bargaining agreement that could help their employer get out of bankruptcy, gunmaker Colt Defense LLC is getting somewhere with its bondholder negotiations and two former board members of Saab Automobile face forgery charges.
The Hollywood company backing “Collide,” a thriller starring Nicholas Hoult, is urging a bankruptcy judge to let it part ways with Relativity Media.
Coming and Going Concerns: Sarah Frankel, Alexander Rohan, Rick Rosenbloom, John H. Thompson