SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional shares at $11.46 each, according to a statement on Tuesday.
Category: Corporate Governance
Infosys Founders Said to Question Payments for CEO, Executives
Infosys Ltd., India’s second-largest technology services company, is facing questions over executive compensation and corporate governance in a letter sent by at least three of its founders, according to people with knowledge of the matter. Vishal Sikka’s compensation was increased, said one of the people, who asked not to be identified discussing the contents of a private memo.
Cray Announces Selected Preliminary 2016 Financial Results
Global supercomputer leader Cray Inc. today announced selected preliminary 2016 financial results. The 2016 anticipated results presented in this release are based on preliminary financial data and are subject to change until the year-end financial reporting process is complete.