By Scott MurdochSYDNEY (Reuters) -The Australian Securities Exchange said on Monday it will review shareholder approval requirements for large corporate buyouts by listed companies, after investors questioned James Hardie (NYSE:JHX) Industries’ $8.75 billion deal for U.S. builder AZEK.The ASX had given the fibre-cement maker a waiver to avoid a shareholder vote on the deal, angering investors wh ...
(Reuters) -Britain’s National Grid (LON:NG) said on Monday it had filed a three-year rate plan proposal with the New York Public Service Commission for its upstate New York electric and natural gas distribution business.Niagara Mohawk Power Corporation (NIMO), which serves 1.7 million electric and 600,000 gas customers, represents around 15% of National Grid’s regulated asset base.If the pro ...
By Allison Lampert, Kanjyik Ghosh, Tim Hepher and Amanda Ferguson(Reuters) -Airbus finalised an agreement on Monday to take over some plants from Spirit AeroSystems (NYSE:SPR) in a carve-up of the struggling supplier with rival Boeing (NYSE:BA), as unions raised concerns over politically sensitive jobs in Northern Ireland.The deal comes almost a year after Boeing agreed to buy back its main fusela ...
Investing.com - The emergence of a new advanced artificial intelligence chip from Huawei could threaten U.S. semiconductor giant Nvidia (NASDAQ:NVDA) in the near term, according to analysts at Piper Sandler.Huawei is looking to begin mass shipments of its 910C AI processor to Chinese customers as early as next month, Reuters reported earlier this week. The 910C is more of an architectural evo ...