By Pete Schroeder WASHINGTON (Reuters) – A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Federal Housing Finance Agency jointly…
US utility Allete goes private in $6.2 billion deal
By Seher Dareen and David French (Reuters) -U.S. utility Allete said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a $6.2 billion valuation, inclusive of debt. The transaction is a rare example of a U.S. utility…