Sunday, 28 December 2014
Last updated 3 days ago
Dec 16 2009 | 11:17am ET
UTC’s will invest GBP 166 million ($270 million) to purchase a combination of 84.3 million newly issued shares and 21.8 million shares from existing shareowners. The investment has been approved by the boards of directors of both UTC and Clipper Windpower, and closing is pending Clipper Windpower shareholder and regulatory approval.
Clipper Windpower is engaged in wind energy technology, turbine manufacturing and wind project development. Headquartered in Carpinteria, California, the company has a turbine manufacturing plant in Cedar Rapids, Iowa, and research and development facilities in Carpinteria, California, and Blyth Harbor, U.K. The company had 2008 revenues of $737 million.
The agreement allows UTC to expand its power generation portfolio and enter the high-growth wind power segment by investing in a company with strong management and innovative technology.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.