Power Firm AES Explores Options Amid Takeover Interest
Several major private equity firms and infrastructure investors have been studying AES after the company's shares lost about half their value over the past two years, the people said. With an enterprise value of about $40 billion, a leveraged buyout of Arlington, Virginia-based AES would still rank among the biggest of all time.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Kraft Heinz reportedly plans to split up, spin off grocery business
-- Kraft Heinz (NASDAQ:KHC) Co is preparing to break itself up by spinning off a significant portion of its grocery business, according to a Wall Street Journal report published Friday. The food giant is looking to separate many Kraft products into a new standalone entity that could be valued at up to $20 billion, the report said, citing people familiar with the matter. Following the split, Kraft Heinz would retain its sauce and spread products, including the company's flagship Heinz ketchup and Grey Poupon Dijon mustard. Kraft Heinz shares are gaining over 2.5% following the publication of the WSJ report. Related articles Kraft Heinz reportedly plans to split up, spin off grocery business Air India crash probe reveals pilot cut fuel flow to engines S&P 500 falls after Pulte claims Powell considering resignation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
40 minutes ago
- Yahoo
Dividends Declared During the Week of July 7
Energy companies are gearing up for second-quarter 2025 earnings season. Here is a compilation of dividends declared during the week of July 7 from select midstream and service and supply companies. Targa Resources Targa Resources Corp. declared a quarterly cash dividend of $1 per common share, $4 per share annualized, for the second quarter of 2025. The cash dividend will be paid Aug. 15 on all outstanding common shares to holders of record as of the close of business on July 31. Pembina Pipeline Pembina Pipeline Corp. declared quarterly dividends for a series of preferred shares—Series 1, 3, 5, 7, 9, 15, 17, 21 and 25. Series 1, 3, 5, 7, 9 and 21 preferred share dividends are payable on Sept. 2 to shareholders of record on Aug. 1. Series 15 and 17 are payable on Oct. 1 to shareholders of record on Sept. 15. Series 25 preferred share dividends are payable on Aug. 15 to shareholders of record on July 31. NW Natural Energy infrastructure company Northwest Natural Holding Co. declared a quarterly dividend of $0.49 per share on July 10. The dividend will be paid on Aug. 15 to shareholders of record on July 31. NW Natural said its annual dividend rate is $1.96 per share. Phillips 66 Phillips 66 declared a quarterly dividend on July 10 for $1.20 per share on its common stock. The dividend is payable on Sept. 2 to shareholders of record as of Aug. 19. Emera North American energy services provider Emera Inc. declared quarterly dividends on July 11 on its common shares and first preferred shares. The common share dividend will be paid out as approximately $0.73 per share. The preferred share dividends will be paid out as follows: $0.1364 per Series A first preferred share; $0.2789 per Series B first preferred share; $0.40213 per Series C first preferred share; $0.28125 per Series E first preferred share; $0.35931 per Series F first preferred share; $0.39525 per Series H first preferred share; $0.265625 per Series J first preferred share; and $0.2875 per Series L first preferred share. The dividends are payable on and after Aug. 15 to shareholders of record as of Aug. 1.
Yahoo
40 minutes ago
- Yahoo
Why Clover Health (CLOV) Shares Are Trading Lower Today
Shares of health insurance company Clover Health (NASDAQ:CLOV) fell 4.8% in the afternoon session after a filing revealed that the company's CEO, Wai Conrad, sold a portion of his holdings. According to a regulatory filing on July 11, 2025, CEO Wai Conrad sold 15,203 shares of Class A Common Stock on July 8 for a total of approximately $49,561. The transactions were made at prices ranging from $3.25 to $3.27 per share. While the sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows insiders to sell a predetermined number of shares at a predetermined time, the news can still create unease among investors. Insider selling, even when planned, is often scrutinized by the market for any signals about a company's future prospects, contributing to negative pressure on the stock price. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Clover Health? Access our full analysis report here, it's free. Clover Health's shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Clover Health is down 7.2% since the beginning of the year, and at $2.91 per share, it is trading 39.7% below its 52-week high of $4.82 from January 2025. Investors who bought $1,000 worth of Clover Health's shares 5 years ago would now be looking at an investment worth $261.71. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
