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Saturday, June 27, 2020
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AstraZeneca Board rejects Pfizer’s final proposal

The Board of AstraZeneca quickly rejected  the final offer by Pfizer. The deal, according to published reports, rose  from $106 billion to $119 billion. AstraZeneca is slated to have 2,000 employees in Delaware after a restructuring. The workforce...
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Bryn Mawr Trust to buy Continental Bank

Bryn Mawr Bank Corp.,  parent of  Bryn Mawr Trust Company, announced that the corporation has entered into a definitive agreement to acquire Continental Bank Holdings, Inc. The transaction has a total   value of approximately...
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FMC breaks ground on color blending facility in Newark

FMC Corporation has broken ground on a new natural colors blending facility at its Newark manufacturing site off Ogletown Road. The company has natural colors production sites in Santiago, Chile and Burton, U.K., as well...
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AstraZeneca dismisses new Pfizer statement on merger offer

Pfizer continued to make its case for acquiring AstraZeneca, expressing disappointment at the failure of the company to enter into negotiations. “Pfizer wishes to enter into discussions with AstraZeneca regarding a potential combination of the...
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Delaware, Maryland governors seek answers on Pfizer merger plan

Governors Martin O’Malley of Maryland and Jack Markell, of Delaware, have sent a letter to Ian Read, chairman and Chief Executive Officer of Pfizer, Inc., expressing concerns about the potential acquisition of AstraZeneca PLC. The...
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Massive Texas utility bankruptcy case in Delaware – for now

  One of the largest Chapter 11 cases ever is being handled in Delaware, at least for now. Dallas-based Energy Future Holdings (EFH) late last month announced it entered into an agreement with certain of its...
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PBF eyes California refineries as Valero calls them weakest /Bloomberg

PBF Energy made a lot of  money by buying the shuttered Delaware City Refinery from Valero. It may be looking to repeat that winning streak as it takes a look at the Texas company's refineries...
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AstraZeneca rejects $106 billion offer by Pfizer

Pfizer's slightly sweetened tax-driven cash and stock offer for AstraZeneca was quickly rejected Friday morning. “The financial and other terms described in the Proposal are inadequate, substantially undervalue AstraZeneca and are not a basis...
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PBF reports strong earnings from cheaper rail-delivered crude oil

PBF Energy rode the rails to strong earnings in the first quarter. The owner of the three refineries, including the Delaware City Refinery, posted operating  income of $260 million, compared to $100 million during the same...
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Exelon to buy Delmarva owner PEPCO in $6.8 billion deal

 Exelon Corporation and Delmarva Power owner Pepco Holdings Inc. signed a definitive agreement to combine the two companies in an all-cash transaction. Published reports indicated the transaction was valued at $6.8 billion. The agreement, which...