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Newark, Delaware
Tuesday, August 22, 2017

Avis Budget to buy Zipcar for $500 million

Avis Budget Group Inc. is buying U.S. car-sharing company Zipcar Inc. for about $500 million in cash. Zipcar has a rental operation in Newark that serves the University of Delaware community. The $12.25 per share offer...

Calpine sells South Carolina power plant

Calpine Corp. completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt. Calpine...

BGC Partners acquires commercial real estate broker Smith Mack

BGC Partners, Inc. has acquired Smith Mack, a regional commercial real estate services company in the region. Smith Mack, has been a partner of BGC’s  Newmark Grubb Knight Frank (NGKF) since 2009. Financial details of...

Chesapeake aids Food Bank

Chesapeake Utilities aided the Food Bank of Delaware last month. The company and the Food Bank of Delaware  provided food and supplies to Delaware families facing hardship this holiday season. Chesapeake employees and family...

Drug developer Incyte seeks $11.1 million in state assistance

Drug developer Incyte Corp. is seeking $11.1 million in state assistance as Delaware works to hold on to a growing company. The request for Incyte Corporation includes $10,070,505 performance grant and a $1,050,000 capital expenditure...