Anthony Hughes is senior reporter, equities, for IFR where he covers developments in US equity capital markets. He previously worked as a financial reporter and columnist for the Australian Financial Review and, prior to that, as investment editor at the Sydney Morning Herald.
US regulated utility Sempra Energy forged ahead with the second and final leg of the equity financing for its US$9.45bn acquisition of Texas-based power distribution company Oncor, raising US$1.6bn in a dual-tranche equity/equity-linked offering even as it battles activists pushing for a wider overhaul of the company.
Fuel cell power company Bloom Energy admits making sense of its prior year numbers is a challenge for investors as it seeks to price a NYSE IPO raising up to US$270m.
Privately held IT company Dell Technologies will simplify its corporate structure and secure an NYSE listing by buying out its VMware tracking stock in a US$21.7bn cash-and-stock deal, though doubts linger as to whether investors will back the deal.