Infrastructure Investments Fund To Acquire El Paso Electric – Quick Facts

El Paso Electric Company (EE) said the company will be acquired by Infrastructure Investments Fund, an investment vehicle advised by J.P. Morgan Investment Management Inc. IIF will buy El Paso for $68.25 per share, representing an enterprise value of approximately $4.3 billion including El Paso Electric’s net debt. El Paso will continue as an independently-operated, regulated utility. The acquisition is […]

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Entergy permanently shuts down Pilgrim nuclear plant as a result of a number of financial factors

Entergy Corp. ETR, +0.95% said Monday the decision to permanently shut down its Pilgrim Nuclear Power Station in Plymouth, Mass. was a result of "a number of financial factors," including low wholesale energy prices. The Pilgrim plant was shut down for the last time at 5:28 p.m. Eastern on Friday. The company said currently more than 50 Pilgrim employees have […]

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Wizz Air profit rises 4.4%

Wizz Air Holdings PLC (WIZZ.LN) said Friday that its pretax profit for fiscal 2019 rose and that it expects growth to continue into fiscal 2020 supported by a robust summer demand. The low-cost airline said it expects net profit for fiscal 2020 to be in a range of between EUR320 million and EUR350 million. Wizz Air said that for the […]

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Gannett, GateHouse in merger talks; deal would create nation’s largest newspaper publisher

USA Today publisher Gannett Co. has recently held merger talks with GateHouse Media, according to people familiar with the matter, a possible deal that would bring together the nation’s two largest newspaper groups by circulation. Gannett GCI, +1.57% —which two weeks ago defeated Digital First Media in a proxy fight and fended off the hedge-fund backed publisher’s hostile takeover bid — […]

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Sundaram Finance deposits cross ₹3,000 cr.

IL&FS imbroglio, Bharat Stage VI emission norms and liquidity issues made 2018-19 a tough year Sundaram Finance Ltd. (SFL) has reported a net profit of ₹1,126 crore for the year ended March 2019, up from the ₹563 crore in the preceding year. The profit includes ₹522 crore from exceptional income on account of sale of shares in Royal Sundaram. Disbursements […]

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