Yahoo may rethink use of cash from Alibaba deal
SAN FRANCISCO, Aug 9 Yahoo Inc may re-evaluate plans for the cash it gets from a multibillion-dollar sale of half of its 40 percent stake in Chinese Internet company Alibaba Group.
FRANKFURT Oct 5 German power utility RWE is expected to price the initial public offering of its renewables, network and retail business Innogy at the upper end of the price range, it said on Wednesday.
Investors have been guided to prepare for a price of 35-36 euros per share, Germany's second-largest utility said, confirming a Reuters report.
RWE said last month that Innogy will issue 55.6 million of new shares while parent RWE aims to sell as many as 83.3 million existing shares at a price of between 32 and 36 euros apiece. (Reporting by Arno Schuetze and Christoph Steitz; Editing by Georgina Prodhan and Edward Taylor)
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