Dominion to sell gas assets for $6.5 billion
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Dominion Resources  said on Monday that it would sell most of its gas and oil exploration and production operations to two different companies for about $6.5 billion as part of its plan to focus on its power business.
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The company has announced the sale of its part share in the Laminaria and Corallina oil fields to the British-owned Paladin Oil &amp; Gas.
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General Motors Corp.  on Thursday said it reached a deal to sell its Allison Transmission unit for $5.6 billion to private-equity firms Carlyle Group and Onex Corp.
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Abu Dhabi National Energy Co   will buy Canada&#39;s Primewest Energy Trust (PWI_u.TO)  for C$5 billion in cash, Primewest said on Monday, as the  state-controlled firm makes good on plans to turn its new  Canadian unit into a major oil producer.
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Station Casinos Inc.  has accepted a revised buyout offer valued at about $5.5 billion from a group that includes the company's founding family and real-estate firm Colony Capital LLC, according to The Wall Street Journal.
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A Canadian steel maker, Ipsco, said it was buying the NS Group, a maker of steel pipes and tubes used in oil fields, for about $1.46 billion. The deal will be used to broaden IpscoÂs sales to the energy industry, the chief executive, David Sutherland, said. ÂThis is a transaction thatÂs all about growth, and if anything, what we will see over the next three years is a growth in the output of all of their facilities, as well as the continuing demand on our own,Â Mr. Sutherland said in a conference call. Ipsco agreed to pay $66 a share for the NS Group, which was a 43 percent premium to its closing price on Friday. After the transaction is complete, the new company is expected to have combined annual revenue of more than $4 billion. Ipsco, which is based in Regina, Saskatchewan, and has executive offices in Leslie, Ill., operates three steel mills and six pipe mills in the United States and Canada. The NS Group is based in Newport, Ky.
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SAN FRANCISCO (CBS.MW) - The Canadian government will sell its 19 percent stake in Petro-Canada for $2.49 billion, according to the final prospectus filed with the US Securities and Exchange Commission Thursday.
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Toronto-Dominion Bank said Thursday it will buy a majority stake in Maine&#39;s Banknorth Group Ltd. for $5-billion in cash and stock, marking the bank&#39;s first move into US branch banking.
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National Grid Transco, the pipes and pylons company, yesterday announced a Â£6bn deal to sell half its gas distribution business. The move pleased the City but alarmed unions and consumer groups.
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National Grid Transco, the Britain-based deliverer of energy, announced it has agreed to sell four of its gas distribution networks to consortia in cash deals worth 5.8 billion pounds.
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National Grid Transco agreed one of the largest cash deals in recent corporate history yesterday with the sale of four of its eight gas distribution networks for Â£5.
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment fund.
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The Toronto-Dominion Bank confirmed on Wednesday that it was negotiating to buy all or part of the Banknorth Group, which has branches in five New England states and upstate New York.
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Enbridge Inc. (ENB) will buy Shell&#39;s Gulf of Mexico natural gas pipelines for $613 million in a move that will make it a major transporter in the huge gas-producing area, Canada&#39;s No.
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LONDON : Royal Dutch/Shell and Esso Nederlands, a division of ExxonMobil, announced the sale of transport activities in gas joint venture Gasunie to the Dutch government for 2.78 billion euros (3.
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CACOUNA, Que. (CP) - TransCanada Corp. and Petro-Canada have agreed to develop a liquefied natural gas facility in Quebec that will cost $660 million to build.
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The Canadian government is getting out of the oil-and-gas business by selling off its stake in Petro-Canada for about $3.1 billion.