Steve Forbes, chairman of Forbes Media, discusses the trend for businesses to move from the northeast to Florida – probably due to warmer weather and lower taxes.
AKRON, Ohio – Billionaire investor Carl Icahn has shown interest in making a major purchase of voting shares in one of the nation’s largest electric services, which is currently under investigation for his role in a bribery scandal in Ohio.
Akron-based FirstEnergy officials announced in an annual investor call on Thursday that they had received a letter from Icahn Capital MP on Tuesday stating that the company had a “good faith intent” to hold more than $ 184 million of voting shares for sale, but less than $ 920 million.
TEXAS POWER CONSUMERS TO PAY THE PRICE OF WINTER STORM
FirstEnergy’s share price reached $ 35.11 on Thursday afternoon after opening at $ 31.59 and closing at more than 7%.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| FE | FIRSTENERGY CORP. | 34.22 | +2.26 | + 7.07% |
FirstEnergy chief financial officer John Taylor says the company does not know what Icahn’s intention is and whether it has bought shares up to this point.
A message to comment was left with Icahn.
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FirstEnergy is a target of investigations by the U.S. Department of Justice and the U.S. Security and Exchange Commission. The company is accused of secretly funding a $ 60 million bribery scheme with the former Ohio House speaker and others over a $ 1 billion bailout for two wholly-owned Ohio-owned nuclear power plants , to obtain.