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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Construction Starts on Panamint Capital's 1.2 GW Solar Project in Texas

LCG, July 23, 2026--Panamint Capital announced today that construction has commenced at Big Rooter Power, a nearly 1.2 GWdc solar PV project located at the company's Twin Oaks power station in Robertson County, Texas. The $1.7 billion will be the largest solar project built at an existing coal mining site in North America.

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Industry News

Takeover Panel Ruling Favors U.S. Bidder for Hyder

LCG, Aug. 16, 2000--The British governments takeover panel yesterday threw out a petition by Nomura International that would have excluded an American-owned firm, Western Power Distribution Ltd., from bidding for the Welsh utility Hyder Plc.

Nomura sought to exclude Western Power on the basis that its bid had been received too late for consideration. The Japanese firm could raise the issue again if it challenges the takeover panels ruling in court.

Western Power, a joint venture between The Southern Co. and PPL Inc., had submitted a final offer of 3.65 ($5.48 U.S.) per share for Hyder in what had become a bidding war between it and Nomura.

In April, Hyder began looking around for a buyer and Nomura stepped forward with an offer of 2.60 ($3.90), which Hyders board recommended to shareholders. Western Power then came into the picture with an offer of 3.00 ($4.50), which Nomura quickly bumped to 3.20 ($4.80). Well see your raise and sweeten it to 3.40 ($5.10) said Western Power, and the Hyder board switched allegiances.

At that point, Nomura raised the stakes to 3.60 ($5.40) and people started asking where it would all end. Among them was the takeover panel and with government involvement the situation became less clear.

Elizabeth Warwick, a spokeswoman for Hyder, told the Associated Press "It all seemed to have descended into chaos from there on in."

It is no clearer today, except there are still two bidders instead of one as Nomura wanted.

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