(Reuters) -Nokia will acquire Infinera Corp in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American market. Shares of Infinera surged nearly 22%. The deal price of $6.65 per share represents a premium of […]
Intel said it would acquire Silicon Mobility, a fabless silicon and software company that specializes in SoCs for intelligent electric vehicle (EV) energy management. Silicon Mobility is a portfolio company of Cipio Partners and Capital-E. Its SoCs have industry leading accelerators purpose built for energy delivery and co-designed with highly advanced software algorithms for significant […]
After decades of stalls and derailed dreams, Charlotte’s ambitious and long-planned Red Line project appears to be full steam ahead. On Monday, the city of Charlotte notified the Surface Transportation Board that it intends to acquire the O-Line from Norfolk Southern. A city of Charlotte spokesperson confirmed the filing and said this is part of […]
Reality Check is a Star series holding those with power to account and shining a light on their decisions. Have a suggestion for a future story? Email our journalists at RealityCheck@kcstar.com. Sarah DeGondea said many times she has walked outside of her vacuum store on Santa Fe Street in Olathe to see cars crashing into […]
Energy Transfer has agreed to acquire WTG Midstream in a deal worth approximately $3.25bn from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal consideration includes a cash payment of $2.45bn and the issuance of around 50.8 million Energy Transfer new common units to the sellers. Diamondback Energy, which currently owns a 25% […]
ConocoPhillips To Acquire Marathon Oil In All-Stock Deal At 14.7% Premium: Details Marathon Oil Corporation (NYSE:MRO) and ConocoPhillips (NYSE:COP) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. As per the agreement, […]
(Bloomberg) — ConocoPhillips agreed to acquire Marathon Oil Corp. in a $22.5 billion all-stock deal, extending a major buying spree in the US oil and gas industry. Most Read from Bloomberg The move expands ConocoPhillips’ footprint in domestic shale fields from Texas to North Dakota and hands the company reserves as far afield as Equatorial […]
(Bloomberg) — ConocoPhillips is in advanced talks to acquire smaller rival Marathon Oil Corp. which would extend the oil industry’s spree of major deals, the Financial Times reported. Most Read from Bloomberg The all-stock proposal would value the target at slightly more than its market capitalization of about $15 billion, according to the FT, which […]
May 26—May 26, 1949, in The Star: Graduating exercises for the Anniston High School Class of 1949 will be held tonight at the school starting at 8. A choral drama with a patriotic theme will be presented by the students. The presentation of the class will be by Principal John J. Nash and the response […]
Frank McCourt, the former owner of the Los Angeles Dodgers, this week announced he is putting together a bid to buy the popular social media platform TikTok as the company’s future in the U.S. remains uncertain after President Joe Biden signed a bill that could get it banned nationwide. In a statement released Wednesday, McCourt […]
A view from the Cle Elum Ridge tract that Washington’s Department of Natural Resources is planning to acquire using state and federal funding. (Photo courtesy of The Nature Conservancy) Washington has secured a $15.3 million federal grant for the purchase of nearly 10,000 acres of forestland around the headwaters of the Yakima River, near Cle […]
Apr. 11—LEWISTON — The Lewiston Housing Authority plans to acquire the 128-unit Maison Marcotte senior living community from St. Mary’s Health System, with plans to renovate the property in the coming years. Officials from Lewiston Housing and St. Mary’s announced Thursday that they are in “final discussions aimed at transferring ownership” of the Maison Marcotte […]