Mitsubishi Said in Advanced Talks to Buy Aethon for $8 Billion
Mitsubishi Corp. is in advanced talks to buy Aethon Energy Management for close to $8 billion, people familiar with the matter said, in what would be the Japanese conglomerate's biggest ever acquisition.
Tokyo-based Mitsubishi could announce a deal for the US energy-focused investment firm in the next couple of months, according to the people. Abu Dhabi National Oil Co. had also been considering a potential transaction involving Aethon, Bloomberg News reported in April.
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