Here is a look at Wednesday’s business headlines with Jeff Vaughn, where he discusses Nike launching its new blue suede shoes and gas prices falling. BlackRock to acquire two ports serving Panama Canal Global investment firm BlackRock has agreed to acquire two ports serving the Panama Canal from Hong Kong’s C.
CK Hutchison said the proposed sale was part of a bigger deal in which a consortium led by BlackRock Inc. would acquire an 80% interest in its units.
An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong subsidiary that runs ports along either side of the Panama Canal, giving a U.S.
The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructu