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2 months ago | 
bloomberg.com | Christine Buurma
Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66 as it pushes the company to sell or spin off its pipeline business. Phillips 66 received a notice from Elliott that the activist investor plans to nominate board candidates at the company’s annual meeting, the refiner said Wednesday in a filing. Elliott will also request that the board hold annual elections for directors. Phillips 66 said the board will review the notice.
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Aug 21, 2024 | 
bloomberg.com | Christine Buurma |David Carnevali
US coal producer Consol Energy Inc. agreed to buy rival Arch Resources Inc. for $2.3 billion as the transition to greener fuels threatens the industry’s long-term outlook. The companies announced the transaction in a statement Wednesday. The deal talks were reported earlier by Bloomberg. Under the terms of the merger agreement, Arch stockholders will receive a fixed exchange ratio of 1.326 shares of Consol stock for each share of Arch common stock.
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Aug 7, 2024 | 
t.ly | Jack Wittels |Rachael Dottle |Brian Sullivan |Christine Buurma
By Jack Wittels Rachael Dottle Brian K Sullivan Green August 7, 2024 Weeks before the typical peak of Atlantic hurricane season, abnormally hot oceans spawned a record-shattering storm. And the trouble is just getting started. For 15 straight months through June, global sea temperatures have hit all-time seasonal highs. In the Gulf of Mexico and east of Florida, coastal waters are already pushing 90F (32C).
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Aug 7, 2024 | 
bloomberg.com | Jack Wittels |Rachael Dottle |Brian Sullivan |Christine Buurma
By Jack Wittels Rachael Dottle Brian K Sullivan August 7, 2024 Weeks before the typical peak of Atlantic hurricane season, abnormally hot oceans spawned a record-shattering storm. And the trouble is just getting started. For 15 straight months through June, global sea temperatures have hit all-time seasonal highs. In the Gulf of Mexico and east of Florida, coastal waters are already pushing 90F (32C).
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Jun 12, 2024 | 
ca.finance.yahoo.com | Mitchell Ferman |Christine Buurma
(Bloomberg) -- Oil producer Matador Resources Co. agreed to buy assets in the Permian Basin from a portfolio company of EnCap Investments LP for $1.9 billion cash, the latest in a series of shale industry tie-ups.
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Jun 12, 2024 | 
bloomberg.com | Mitchell Ferman |Christine Buurma
Oil producer Matador Resources Co. agreed to buy assets in the Permian Basin from a portfolio company of EnCap Investments LP for $1.9 billion cash, the latest in a series of shale industry tie-ups. The deal includes oil and gas producing properties and undeveloped acreage in New Mexico and West Texas owned by Ameredev II Parent LLC, Matador said in a Wednesday statement.
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Apr 2, 2024 | 
bnnbloomberg.ca | Christine Buurma
(Bloomberg) -- SLB agreed to acquire rival oilfield service provider ChampionX for $7.8 billion in an all-stock deal, a move that will bulk up SLB’s portfolio as aging shale fields mean US drillers need better technology to maintain oil and gas production. ChampionX investors will receive 0.735 SLB share for each share of ChampionX, according to a statement Tuesday. When the deal closes, ChampionX shareholders will own approximately 9% of SLB’s outstanding common stock.
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Apr 2, 2024 | 
bloomberg.com | Christine Buurma
SLB agreed to acquire oilfield service provider ChampionX in an all-stock deal, a move that will add to SLB’s technology portfolio. ChampionX shareholders will receive 0.735 SLB shares for each share of ChampionX, according to a statement Tuesday.
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Feb 15, 2024 | 
news.bloomberglaw.com | Christine Buurma |Mark Chediak
<-bsp-bb-link state="{"bbHref":"bbg://securities/SPWR%20US%20Equity/QR","_id":"0000018d-ade0-d1cd-af8f-aff22e2c0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">SunPower Corp.-bsp-bb-link> declined after the struggling rooftop solar installer announced $155 million in new financing from its majority investors — a development that will ease a cash crunch but also dilute the shares.
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Feb 15, 2024 | 
news.bloomberglaw.com | Christine Buurma |Mark Chediak
<-bsp-bb-link state="{"bbHref":"bbg://securities/SPWR%20US%20Equity/QR","_id":"0000018d-ad27-d400-abcf-adbfd4650000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">SunPower Corp.-bsp-bb-link> jumped in pre-market trading after the struggling rooftop solar installer said it had raised $175 million in financing from its majority shareholder and received new long-term waivers from its lenders.
