✉news BusinessStartups first seen 19 h ago, last 1 h ago, peak #8
Lawmakers urge FERC to block BlackRock's AES buyout
Original: Bipartisan lawmakers ask FERC to block BlackRock's $33.4 billion AES buyout
A bipartisan group of US lawmakers has asked the Federal Energy Regulatory Commission to block BlackRock's $33.4 billion acquisition of AES, a major utility and renewable energy company. The lawmakers argue the deal raises concerns over concentration of control in energy assets. The move adds political pressure to the regulatory review of one of the largest utility takeovers proposed in recent years.
Why now: The deal is undergoing regulatory scrutiny and the bipartisan objection raises doubts over whether BlackRock can complete the acquisition.
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