Freeport-McMoRan’s $6.9 billion Plains bid called inadequate
Freeport-McMoRan Copper & Gold Inc.’s $6.9 billion bid for Plains Exploration & Production Co. is inadequate and should be blocked, an investor’s lawyer told a Delaware judge, who delayed a decision. More »
Kinder deal gives Copano investors long-awaited payout
The acquisition price tag is a 23.5 percent premium to Copano’s closing price Tuesday. Copano shares jumped $4.96, or almost 15 percent, to $38.09 in late morning. More »
TPC Group chemical company enters $850 million sale agreement
Houston petrochemical company TPC Group has entered a deal to sell ownership to private equity firms First Reserve Corp. and SK Capital Partners in a deal valued at $850 million in cash and net debt. More »
Direct Energy adds two more retailers to footprint
Direct Energy completed an acquisition of two Northeastern electricity providers Thursday, adding to an ongoing expansion of its retail business, the company said. More »
Houston staff would shrink in NRG-GenOn deal
The company has no plans to expand power generation in Texas, NRG CEO David Crane said in a press call Monday. More »
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