Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc. private, according to a person familiar with the matter. Musk, 47, shocked the financial world 7 August when the chief executive...
Investors in Tesla bonds, options show skepticism on buyout
Investors in the debt and in the equity options of electric carmaker Tesla (TSLA.O) are betting the take-private deal described by Chief Executive Elon Musk will not materialize. Like its stock price, Tesla bonds have...
Saudi PIF ‘may only play a minor part’ in Musk’s $72-bn Tesla buyout plan
Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. The fund is estimated to have over $250 billion in assets...
Musk says working with Silver Lake, Goldman on proposal to take Tesla private
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc (GS.N) for financial advice on his proposal to take the electric car company...
Colombia’s Celsia raises $515.2 million in share issue
Colombian electricity company Celsia said on Monday it raised 1.47 trillion pesos ($515.2 million) during a share issue, funds it will use to increase its stake in another local company and to reduce debt levels. Celsia...
GE moves to sell part of overseas lighting business
U.S. industrial conglomerate General Electric (GE.N) has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount. Bauer most...
Italy’s Enel Group eyes electricity distribution sector in India
Attracted by proposed power sector reforms and India’s potential, Italy’s Enel Group is exploring the possibility of entering India’s electricity distribution business, two people familiar with the development said. The...
Argentina’s YPF to sell 25 percent of electricity unit to GE: source
Argentina’s state-owned oil company YPF SA (YPFD.BA) will sell a 25 percent stake in its electricity generation unit to U.S. industrial conglomerate General Electric Co (GE.N), a source close to the deal told Reuters on...
V-Guard to exit from the non-core B2B segment
Kochi-based consumer electrical and electronics manufacturer V-Guard is planning to exit from the business-to-business (B2B) segment to focus on its core module- the business-to-consumer (B2C) segment, while targeting...
Crompton Greaves to acquire Kenstar for Rs1,500 crore
Crompton Greaves Consumer Electricals is likely to offer Rs 1,500 crore to acquire home appliances brand Kenstar as it looks to ramp up its presence in the household durables space. This could make Crompton Greaves...
ABB in talks to buy out L&T’s electrical business
ABB, the Swedish-Swiss multinational, is in discussions with Larsen & Toubro to acquire its electrical and automation division. The division that generated revenues of Rs 4,650 crore and operating profit of a little...
Havells to sell remaining 20% in Sylvania, exit global market
Consumer electricals firm Havells IndiaBSE 0.05 % would exit from the global market by selling remaining 20 percent stake in its European lighting business Sylvania to China’s Feilo Acoustics for 34.5 million...
