Fortis, which will also assume $500 million debt, will pay CH Energy shareholders $65 a share, representing a premium of 11 percent over Friday’s close.Last November, Fortis had said it was looking to expand in the United States and could have as many U.S. assets as Canadian within 10 years.Fortis, which is being advised by [...]

TNT, which said on Friday it was still in talks with UPS after rejecting a 4. billion euro ($6. billion) bid, swung to a fourth-quarter operating loss, hit by an impairment charge at its troubled Brazilian business, where it has struggled to integrate acquisitions.TNT said on Tuesday it would look for buyers or [...]

The CME and Oman Investment Fund, the Gulf state’s sovereign wealth fund, both injected an undisclosed amount into a recapitalization of the DME, which trades the Oman oil futures contract.CME’s stake in DME will rise to 50 percent from 25 percent, while Oman Investment Fund’s holding goes to 29 percent from 25 percent, the companies [...]

The China software and IT company received an offer from CITIC Capital in January, financial details of which were not disclosed, and has since appointed Goldman Sachs (symbol_GS.N_3GS.N) as a special adviser.At the time of the offer, AsiaInfo, whose clients include telecom groups China Mobile (symbol_0941.HK_40941.HK), China Unicom (symbol_0762.HK_50762.HK) and China Telecom (symbol_0728.HK_60728.HK), had a [...]

Alibaba.com is 73 percent-owned by Alibaba Group, which in turn is 40 percent-owned by Yahoo Inc (symbol_YHOO.O_1YHOO.O), which bought its stake for about $1 billion in 2005. The remaining 27 percent of Alibaba.com is held by public investors including Morgan Stanley (symbol_MS.N_2MS.N), Vanguard Group and Capital International, according to Thomson Reuters data.Alibaba Group will finance [...]

AES, the first American power producer to enter China in the early 1990s, recently hired an investment bank to advise on the sale, the sources said. No other details about the auction were immediately known.It’s already in the market, said one source of the AES China assets.The sources requested anonymity as they were not authorized [...]

The sources said Arlington, Virginia-based AES, which has a market value of around $10. billion, has recently hired an investment bank to kick off the process. A sale or sales could potentially be worth $300-$400 million.China’s sovereign wealth fund China Investment Corp CIC.UL acquired a 15 percent stake in AES for $1. billion [...]

AES, the first American power producer to enter China in the early 1990s, recently hired an investment bank to advise on the sale, the sources said. No other details about the auction were immediately known.The sources requested anonymity as they were not authorized to speak to the media. Officials at AES in China and the [...]

Flint shareholders will get C$25 a share — a 68 percent premium over the stock’s Friday close.URS would also assume C$225 million in Flint debt as part of the deal, the companies said in a joint statement.Through this combination, URS will be well positioned in segments of the oil and gas industry that we expect [...]

Flint shareholders will get C$25 a share — a 68 percent premium over the stock’s Friday close.URS would also assume C$225 million in Flint debt as part of the deal.The transaction is expected to add 20-30 cents a share to URS’ full-year earnings.The company expects 2012 revenue of $9. billion-$10. billion and a [...]