Brian Gardner, Stifel Chief Washington Policy Strategist, sits down with Yahoo Finance Live to discuss the outlook on the Senate's CHIPS Act vote and party sentiments on the bill. Read More...
Reuters
France to pay $10 billion to take full control of EDF
PARIS (Reuters) -France’s government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF, in a buyout deal that gives it a free hand to run Europe’s biggest nuclear power operator as it grapples with a continent-wide energy crisis. The finance ministry said in a statement on Tuesday that the government would offer EDF’s minority shareholders 12 euros per share, a 53% premium to the closing price on July 5, the day before the government announced its intention to fully nationalise the debt-laden group. EDF shares, which resumed trading on Tuesday after a one-week suspension pending details of the government buyout plan, had jumped 15% to 11.80 euros by 0836 GMT.
