Tag Archives: merger

SCANA’s Gift

Dominion to buy beleaguered southern utility in $14.6B stock merger Nuclear plant operator SCANA has been looking for a helping hand since last summer, when the V.C. Summer plant was abandoned. Dominion Energy, the Richmond-based utility, reportedly agreed to an all-stock merger Wednesday expected to lower customer rates and assist financial obligations related to the […]

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Battle of the ‘Coms

Broadcom/Qualcomm ‘negotiations’ take another heated step The quest for the chip championship continues. In what is being called the first steps in a ‘hostile takeover’, Broadcom nominated an entire new board of directors (11 seats) for Qualcomm on Monday. The aggressive move stirs the pot following Broadcom’s $103 billion, and then later, $105 billion offers to […]

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Wismarq’s the Spot

Wisco company buys Allentown metals manufacturer Wismarq, a Wisconsin company, bought Prior Coated Metals on Monday, an Allentown, Pa., company that makes wire coatings. Wismarq will balance its geographical footprint with the move. It already has locations in Illinois, Tennessee, and Western Pennsylvania in addition to its headquarters in Oconomowoc, Wisc. (in between Milwaukee and Madison). The […]

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Elon’s Empire

Tesla/SolarCity deal goes through at $2.6 bil Update to an item from three weeks ago: Elon Musk has successfully consolidated his two major investments. Although the merger of Tesla and SolarCity is practical from a certain standpoint, many feel a great risk is being taken by the energy efficiency pioneer. Announcement of the deal on August 1st […]

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Support For SolarCity

Musk’s “Part Deux” unveiled to reassure investors The ever-visible Elon Musk, CEO of Tesla, wants to ensure potential shareholders that his unfinalized purchase of SolarCity is a worthwhile investment, not the bad deal some have labeled it in the past few weeks. So he yesterday enfolded it into an announcement about his overall business/energy integration plan, […]

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Capital Gains?

Surprise approval of Exelon-Pepco merger In what was a highly unanticipated decision — even to experts and analysts on the subject — District of Columbia regulators approved the precarious Exelon-Pepco Holdings merger on Wednesday afternoon. The $6.8 billion deal creates the largest utility provider in the United States. In limbo for the past two years, the […]

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Capital Losses?

$6.8 billion Exelon/Pepco merger on life support Court action in Washington, D.C. has stifled a potential merger that would create the nation’s largest utility service, leaving many to believe the motion is dead for the second time since its proposal in 2014. Exelon, of Chicago, Ill., and Pepco, headquartered in D.C., have been engulfed in a […]

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