Fortis Inc. announced today that it has entered into an agreement and plan of merger to acquire UNS Energy Corporation for US$60.25 per common share in cash
Deals
As Fed looms, Morgan Stanley sets sale of US oil terminal business
Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
Food services firm Aramark raises $725 mln in IPO - underwriter
Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
KKR, Carlyle vie for optical retailer National Vision -sources
KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week.
Latest News
Talend Chief Executive Officer Mike Tuchen told TechCrunch that part of the $40 million it received from its recent funding round will go towards its plans to launch an initial public offering in the near future.
Enterprise cloud file storage hybrid Egnyte received $29.5 million in Series D funding to introduce itself to other international markets and to gain recognition in international markets like its rivals Box and Dropbox.
A group of financial tech startups are tapping into a niche market wherein 80 million people with low FICO credit scores could not obtain loans from banks and other financial institutions.
Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.
In a report by CNET, Ubuntu founder Mark Shuttleworth said that it had signed a deal with a major manufacturer to create and ship smartphones running on Ubuntu Touch OS.
The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.
A Business Insider report said the few hundred people who owned the digital currency Bitcoin are the ultra-rich, as estimates indicate that each owns at least $1 million worth of Bitcoins.
A report said the price gap of Bitcoins sold on BTC China and the virtual currency on foreign exchanges had tempted some traders to take advantage by conducting arbitrage.
Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.
