I wonder how the market will react to this purchase. I hope positively. I haven’t looked if price is too high.
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More layoffs for sure. Be prepared
Big purchase lots of money being spent at a time where bidjexts and projects are being slashed.
I have a strong feeling layoffs are coming
Debt doesn’t mean much for regulated utilities. You are told how much percent you have to carry - roughly 50 percent and as long as the assets are being used you will get paid by the customers for the debt costs. Unfortunately most investors don’t understand that.
Does this bring the companies debt to 85 billion? That's a lot.
Re-org here we come!
Stock will drop tomorrow. The new equity to fund this is being issued at 44.70 according to the press release.