Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest update is out from FirstEnergy (FE).
FirstEnergy Corp. completed a significant transaction by selling an additional 30% stake in FirstEnergy Transmission, LLC to an investment entity controlled by Brookfield Super-Core Infrastructure Partners, raising their ownership to 49.9%. The deal, valued at $3.5 billion, included $1.2 billion in promissory notes and $2.3 billion in cash, with Brookfield Corporation guaranteeing the notes. This strategic move not only alters ownership proportions but also grants the investor enhanced rights and influence over the company’s future decisions, including board appointments and major corporate actions, as outlined in a newly amended company agreement.
See more insights into FE stock on TipRanks’ Stock Analysis page.