Topic
buyout
Business Penske Automotive Soars on $13.8 Billion Take-Private Bid by Two Largest Owners
Penske Automotive Group shares surged after its two largest shareholders, Mitsui & Co. (USA) and Penske Corporation, announced a $210 per share bid to acquire the remaining 27.8% of the company and take it private, valuing the automotive retailer at $13.8 billion. The deal underscores consolidation in automotive retail amid technological shifts.
Commodities Trump Administration Adds Duke Energy to Offshore Wind Buyout Campaign With $129M Settlement
The US Department of the Interior has reached a settlement agreement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area for $129 million, as part of the Trump administration's broader campaign to halt offshore wind projects. Duke will reinvest the funds in new nuclear, natural gas, and grid enhancements. The administration has now spent over $2.6 billion to terminate nine offshore wind leases.
Business CCI Clears $1.78 Billion RCB Buyout by Aditya Birla Group, Times of India Consortium
The Competition Commission of India has cleared the $1.78 billion acquisition of Royal Challengers Sports Pvt Ltd by a consortium led by Aditya Birla Group and Times of India. Aryaman Vikram Birla will serve as chairman and Satyan Gajwani as vice-chairman. The deal highlights growing investor interest in sports franchises.