Mergers and Acquisitions

CEO of Puerto Rico's bankrupt power company abruptly resigns

The CEO of Puerto Rico's bankrupt power company resigned on Wednesday just months after he was chosen to oversee its privatization as the U.S. territory struggles to restore electricity to the last of those who remain in the dark nearly 10 months after Hurricane Maria.

Sky accepts higher 21st Century Fox bid

British pay-TV group Sky said Wednesday it accepted a sharply increased offer from 21st Century Fox to acquire the pan-European company, according to the Financial Times.