On Wednesday, Shares of General Electric Company (NYSE:GE), subtract -0.07% and closed at $28.90 in the last trading session. The last trading range of the stock ranges between $28.81 and $29.09. The company’s Market capitalization is $259.52 Billion with the total Outstanding Shares of 8.96 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $27.10 and reached to max level of $33.00. GE (GE) unit, GE Energy Financial Services, and Citi recently declared the closing of tax equity financing on Deepwater Wind’s Block Island Wind Farm, the first offshore wind farm in the United States.
“An innovative project takes thoughtful and hard-working partners to navigate all of the ‘first mover’ considerations. We couldn’t have asked for better institutions to partner with than Citi and GE,” said Bryan Martin, Chairman of the Board of Deepwater Wind and Managing Director of D.E. Shaw & Co., L.P.
“We’re very proud that two world-class, U.S. companies have chosen to invest in America’s first offshore wind farm,” said Deepwater Wind CEO Jeffrey Grybowski. “Their backing is a testament to the significance of this project and the strength of the American offshore wind industry.”
Exxon Mobil Corporation (NYSE:XOM), dropped -0.70% and closed at $87.13 in the last trading session. The last trading range of the stock ranges between $86.67 and $87.72. The company’s Market capitalization is $358.44 Billion with the total Outstanding Shares of 4.15 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $71.55 and reached to max level of $95.55. InterOil Corporation (NYSE: IOC, POMSox: IOC) recently declared that, after the close of business on October 7, 2016, the Supreme Court of Yukon approved the pending transaction (“the transaction”) with Exxon Mobil Corporation (XOM), counting finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016.
Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court’s decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.