Top News & Analysis Delaware

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's entire board. Meister said he had worked unsuccessfully to convince the company to adopt a plan to place a majority of new independent directors on the board by May 2018.

  • Aug 21- ChemChina's $43 billion acquisition of Syngenta AG is in the final stages of being cleared by the Committee on Foreign Investment in the United States, which scrutinizes deals for national security implications, people familiar with the matter said. Syngenta shares ended trading on Friday at 380.80 Swiss Francs, some 100 Swiss Francs less than what...

  • NEW YORK, Aug 20- Viacom Inc said on Saturday that Chief Executive Philippe Dauman will resign immediately, marking a victory for the family of controlling shareholder Sumner Redstone in the battle for the $40 billion media empire. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone's National Amusements Inc,...

  • NEW YORK, Aug 18-- Viacom Inc and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters on Thursday. The settlement would end the battle for control over Redstone's $40 billion empire that includes...

  • Aug 18- Enterprise Products Partners LP approached Williams Companies Inc earlier this summer. about combining their businesses, two of the largest U.S. oil. Merging Williams' natural gas liquids business in the northeastern United States with Enterprise's ATEX pipeline, which runs from that region to Texas, could generate significant revenue and cost...

  • NEW YORK, Aug 18-- Viacom Inc' s board of directors is expected to meet on Thursday night to discuss a settlement with controlling shareholder Sumner Redstone that would result in the departure of Chief Executive Philippe Dauman, a source familiar with the situation told Reuters. A settlement would end the legal battle between Dauman and Redstone in...

  • Aug 18- Enterprise Product Partners LP approached Williams Companies Inc earlier this summer. Merging Williams' natural gas liquids business in the northeastern United States with Enterprise's ATEX pipeline, which runs from that region to Texas, could generate significant revenue and cost synergies for Enterprise. Enterprise Product Partners' approach...

  • Aug 18- Business activity in the U.S. mid-Atlantic region improved in August, but local employment deteriorated to its worst level in seven years, a survey from the Philadelphia Federal Reserve released on Thursday showed. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware. The Philadelphia Fed regional business index is...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the financial crisis. Energy Future filed for Chapter 11 in April 2014 with $42 billion in debt, the largest bankruptcy since General Motors Corp's in...

  • WILMINGTON, Del., Aug 17- Energy Future Holdings Corp, Texas' biggest power company, urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in its latest bid to reorganize after two years of battling creditors in the largest U.S. bankruptcy since the financial crisis. "The time has come to... confirm a plan and actually emerge...

  • Aug 16- Settlement talks between Viacom Inc Chief Executive Philippe Dauman and controlling shareholder Sumner Redstone have resumed after weeks of stops and starts, a source familiar with the situation told Reuters on Tuesday. A settlement would end litigation in Delaware and Massachusetts over the battle for control over 93- year-old Redstone's $40...

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  • CANTON, Mass., Aug 12- An attorney for Sumner Redstone said the media mogul would be willing to be interviewed briefly under oath in a lawsuit over his mental competency that could influence the future of his majority ownership of Viacom and CBS. At a hearing on Friday in Norfolk County Probate and Family Court in Canton, Massachusetts, Judge George Phelan set a Sept....

  • CANTON, Mass., Aug 12- An attorney for Sumner Redstone said the media mogul would be willing to be briefly interviewed under oath in a lawsuit over his mental competency that could influence the future of his majority ownership of Viacom and CBS. Through National Amusements, Redstone owns 80 percent of the voting shares of CBS and Viacom. The outcome of the case, and...

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm stepped down as the...

  • DOVER, Del., Aug 10- Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. However, after one of the three Zohar funds defaulted, Tilton's Patriarch Partners investment firm was removed as the...

  • Aug 8- Logan's Roadhouse Inc, a steakhouse chain with about 260 restaurants, filed for bankruptcy protection on Monday after struggling with falling sales, rising labor and food costs and competition from casual dining rivals. The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give bondholders including a Blackstone Group...

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  • The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give noteholders equity in the reorganized company, according to filings with the U.S. bankruptcy court in Delaware. Logan's plans to close some poorly-performing restaurants as part of its reorganization, which has support from its bank lenders and most bondholders,...

  • Aug 8- Logan's Roadhouse, a steakhouse chain with more than 250 locations, on Monday filed for bankruptcy protection, four months after missing debt payments. The Nashville, Tennessee- based chain and several affiliates filed for protection from creditors with the U.S. bankruptcy court in Wilmington, Delaware. LRI Holdings Inc, Logan's parent, had $347.2 million...