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$GAS AGL Resources & Southern Company announced approval of definitive merger agreement to create America’s leading U.S. electric & gas utility company. Pursuant to the agreement, GAS will become a new wholly owned subsidiary of SO in a transaction with an enterprise value of approx. $12Bil, including a total equity value of approx. $8Bil.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.