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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
HomeStock InsidersArchaea Energy Inc....

Archaea Energy Inc. (NYSE: LFG) Signs Agreement with BP Plc (NYSE: BP) to Buy

An industry-leading renewable natural gas company, Archaea Energy Inc. (NYSE: LFG) inches down 0.62% as the firm signed an agreement with BP Plc (NYSE: BP) to buy it for about $26 per Archaea Class A and Class B share in cash, for a total enterprise value of roughly $4.1 billion, including approximately $800 million in net debt. The cash consideration is a 38% premium to Archaea’s volume weighted average share price for the 30 days ending October 14, 2022.

Archaea’s CEO and Co-Founder, Nick Stork, claimed that the firm was formed with the goal of becoming the world’s leading RNG development company in order to reduce global emissions and achieve multi-generational environmental benefits. They have quickly established a major RNG platform in the United States, and this news will help this firm fulfill its full potential.

He went on to say that BP is a world-class partner and a good match for Archaea, with a strategic focus on bioenergy and an operational history in the RNG value chain that is completely aligned with their and their partners’. They are excited to join them in their aim to expand the role of RNG in assisting customers in meeting their long-term climate goals, and he looks forward to their hard-working staff joining the bp organization to help them meet their bioenergy targets. He is extremely pleased of the Archaea personnel who have led this incredible wealth creation and will continue to lead Archaea’s commitment to stimulate clean energy growth and promote domestic energy dependence.

Chairman of Archaea’s Board, Daniel Rice said that after a thorough review, their Board determined that combining Archaea’s RNG assets and their strong development backlog with bp’s existing bioenergy business and deep operational and financial resources is the best way to create a stronger platform to achieve Archaea’s full potential, while maximizing value for their shareholders.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on Tuesday as Wall Street's major indices experienced a tumultuous day, driven by Oracle's staggering 12.5%...

Advanced Micro Devices (NASDAQ:AMD) Attempts to Chases Nvidia Corp (NVDA) Valuation by Introducing New AI Chips

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading session as the company recently launched its data center and AI technology event, where it unveiled its long-awaited MI300 processor tailored for AI workloads. Its objective...

Amazon.com (NASDAQ: AMZN) To Face Tough U.K. Antitrust Review on Roomba Acquisition

Shares of Amazon.com, Inc. (NASDAQ: AMZN) inches down in pre trading session on Thursday as the British antitrust officials have begun looking into Amazon's $1.7 billion acquisition of robot vacuum manufacturer iRobot. According to a statement released on Thursday, the...

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