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Missouri-based Great Plains Energy said it agreed to buy Kansas’s Westar Energy for roughly $8.6 billion in a move the utilities hope will lead to more controlled costs and consumer rates.
Michael Dell and Silver Lake underpaid by more than 20% when they took Dell Inc. private three years ago for $24.4 billion, a Delaware judge ruled.
Activist investor Carl Icahn said he has taken a “large position” in Allergan and threw his support behind the pharmaceutical company’s CEO, Brent Saunders.
Chinese companies are binge-building thermal power plants to take advantage of cheap coal and create jobs, though they are compounding an oversupply of power and complicating a government plan to shift to cleaner energy sources.
Volkswagen posted a profit in its first quarter on the absence of new emissions-related charges, but operating earnings plunged at its large Volkswagen-brand unit and in China.
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