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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Ltd (Tengzhong) have entered into a definitive agreement that will allow Tengzhong to acquire GM’s HUMMER brand. Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles.

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Rockwood Holdings to acquire Talison Lithium for C$724M

Green Car Congress

has entered into a definitive agreement with Talison Lithium Limited to acquire all of the outstanding shares of Talison in an all-cash transaction for C$6.50 Lazard is acting as exclusive financial advisor to Rockwood, and Gilbert & Tobin is acting as Rockwood’s legal counsel. Earlier post.).

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Marathon acquires additional Eagle Ford Shale assets for $3.5B

Green Car Congress

Marathon Oil Corporation has reached a definitive agreement with Hilcorp Resources Holdings, LP to purchase its assets in the core of the Eagle Ford shale formation in Texas in a transaction valued at $3.5 2011 with an effective date of 1 May 2011. Potential to book up to 100 million boe of proved reserves by the end of 2011.

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

has entered into definitive agreements with a group of investors to issue, on a private placement basis, $500 million in equity securities. billion barrels (net) of Best Estimate Contingent Resources through both acquisitions and additional geological and reservoir work in 2011. Canada-based Osum Oil Sands Corp. Scotia Waterous Inc.

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Utah Water Quality Board upholds issuance of permit for oil sands mine in Utah

Green Car Congress

Environmental advocacy group Living Rivers filed a challenge to a DWQ 2011 modification decision for the project, contesting both the modification decision and the validity of the evidence used to support the initial permit-by-rule. i)f future.knowledge or experience indicates that ground water quality is threatened by this operation.”.

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Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

Green Car Congress

KMI) and El Paso Corporation on Sunday announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth-largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.

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Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017

Green Car Congress

Annual worldwide NEV sales by region, 2011–2017. The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. between 2011 and 2017.

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