Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live

The Guardian reports that DCC Energy, a major energy distributor on London's stock exchange, has agreed to be acquired by the private equity consortium of KKR and Energy Capital Partners. Under the deal worth five point seven five billion pounds, shareholders will receive sixty-five point twenty-five pounds per share in cash, plus a final dividend of one hundred forty-seven point twenty-two pence per share. The offer also includes a potential additional payment of up to one point twenty-five pounds per share if DCC can sell its technology unit for at least eight hundred million dollars. The company's board backed the offer as an attractive opportunity to crystallize shareholder value.

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