Top News & Analysis Delaware

  • HOUSTON, July 1- U.S. refiner PBF Energy took ownership on Friday of a Los Angeles- area refinery purchased from Exxon Mobil Corp for $537.5 million, clearing the way for it to focus on further North American acquisitions. The takeover of the Torrance, California facility makes PBF the fourth largest independent U.S. refiner and expands its footprint from coast to...

  • Chairman Frank MacInnis, Keith Meister and Eric Mandelblatt were among the directors to step down, according to the sources. Meister and Mandelblatt run two of the company's largest investors, hedge funds Corvex Management LP and Soroban Capital Partners, respectively. Ralph Izzo, Steven Nance and Laura Sugg also stepped down from the board, two of the sources...

  • Chairman Frank MacInnis, Keith Meister and Eric Mandelblatt were among the directors to step down, according to the source. Meister and Mandelblatt run two of the company's largest investors, hedge funds Corvex Management LP and Soroban Capital Partners, respectively. Ralph Izzo and Steven Nance also stepped down from the board, the source said.

  • June 30- A Massachusetts judge presiding over a case hinging on Sumner Redstone's mental condition on Thursday peppered attorneys on both sides of the dispute with questions about the 93- year-old media mogul's state of mind and how he communicates with people. Judge George Phelan decided, however, not to hear arguments about whether Redstone should be...

  • Repairing power lines, electricity, energy

    Energy Transfer Equity shares spiked 4 percent after it officially pulled out of a $33 billion merger deal with the Williams Companies.

  • June 29- Energy Transfer Equity walked away from its more than $20 billion takeover of Williams Cos Inc on Wednesday after months of lawsuits and heated arguments between the rival pipeline companies. A Delaware judge ruled last week that ETE could terminate the deal after Tuesday over tax issues that were raised by the company's lawyers.

  • June 29- Energy Transfer Equity walked away from its more than $20 billion takeover of Williams Cos Inc on Wednesday after months of lawsuits and heated arguments between the rival pipeline companies. A Delaware judge ruled last week that ETE could terminate the deal after Tuesday over tax issues that the company's lawyers raised. It has previously said...

  • WILMINGTON, Del., June 28- Jeffrey Katzenberg, DreamWorks Animation SKG Inc's chief executive, has been hit with a proposed class action lawsuit over what a minority shareholder called an "extraordinarily valuable" side deal he struck as part of the $3.8 billion sale of the studio to Comcast Corp.. Monday's class action complaint by Ann Arbor City Employees...

  • Sumner Redstone

    Viacom's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the media mogul.

  • NEW YORK/ SAN FRANCISCO, June 27- Viacom Inc's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the 93- year-old media mogul to get an understanding of his views on the media company, a spokesman for Redstone confirmed on Monday. Redstone offered to meet Viacom independent director...

  • NEW YORK/ SAN FRANCISCO, June 27- Viacom Inc's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the 93- year-old media mogul to get an understanding of his views on the media company, a spokesman for Redstone confirmed Monday. Redstone offered to meet Viacom independent director...

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware Court of Chancery on Friday that said Energy Transfer, or ETE, had not...

  • Dallas-based Energy Transfer Partners.

    Williams Companies dipped about 3 percent as the completion of its $33 billion merger with ETE came into question.

  • NEW YORK, June 27- Williams Cos Inc shareholders voted on Monday for the pipeline company's agreed upon takeover by rival Energy Transfer Equity, while Williams appeals a court ruling that would allow ETE to walk away from the more than $20 billion deal. Williams is appealing a ruling in Delaware's Supreme Court on Friday by Vice Chancellor Sam Glasscock, who...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal that Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger...

  • NEW YORK/ WILMINGTON, Del., June 24- Energy Transfer Equity won a court ruling on Friday that would allow the pipeline operator to walk away from its more than $20 billion takeover of rival Williams Cos Inc, a deal Energy Transfer agreed to in September but soured on in January. A Delaware judge ruled that Energy Transfer, or ETE, had not breached the merger agreement...

  • WILMINGTON, Del., June 22- Viacom Inc's directors can stay in place, at least for now, as a Delaware judge said at a hearing on Wednesday that a legal fight over the media company's board may turn on the mental competence of 93- year-old controlling shareholder Sumner Redstone, which may take some time to resolve. Last week, Redstone and his National Amusements Inc...

  • WILMINGTON, Del., June 22- Viacom Inc's directors can stay in place, at least for now, as a Delaware judge said at a hearing on Wednesday that a legal fight over who should sit on the media company's board may turn on the mental competence of 93- year-old controlling shareholder Sumner Redstone. Last week, Redstone and his National Amusements Inc holding company...

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. The company's units closed 17.4 percent higher at $14.32 after the judge's comments on Tuesday.

  • GEORGETOWN, Del., June 21- The Delaware judge ruling on the dispute that could scuttle Energy Transfer Equity's takeover of rival pipeline company Williams Cos Inc said his decision could hinge on whether Energy Transfer's tax lawyers had been working in good faith. "It's just whether Latham& Watkins made a good-faith decision on tax," said Vice Chancellor Sam...