Fifty-five, pensionless and assuming he’d have to work until he died, Roger Ulrich had a decision to make. After two decades in the pharmaceutical industry, his position at Merck & Co. had been phased out.
The takeover of gas producer Arrow Energy Ltd. by Royal Dutch Shell Plc and PetroChina Co. will generate a A$326 million ($308 million) profit for shareholder New Hope Corp., giving the coal miner more cash for acquisitions.
The mayor of Lambertville, New Jersey, who performed one of the state’s first civil unions in 2007, said he plans to marry one of those same couples on Oct. 21 after a judge ruled that same-sex marriages must be allowed.
New Hope Corp. offered A$193 million ($189 million) to buy Northern Energy Corp. after the Australian coal exploration company rejected an undisclosed bid as inadequate. Northern Energy shares rose the highest in more than seven years.