US pair bag Midlands
Article Abstract:
Midlands Electricity has agreed an offer of 1.73 billion pounds sterling from GPU and Cinergy. Meanwhile the UK government has stated that no takeover of PowerGen and National Power will be permitted until sufficient competition has been established in UK power generation. GPU and Cinergy have set up a JV for the Midlands acquisition. PowerGen holds a 21% stake in Midlands, which could be classed as the strongest UK regional electricity company in financial terms.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
White knights from far away
Article Abstract:
Manweb is seeking to defend itself from a bid by Scottish Power. The company is involved in talks with an overseas concern as a possible defense, in addition to announcing a a scheme to return funds to its shareholders. Overseas companies are increasingly taking an interest in UK electric utilities and they will benefit from liberalization of electricity supply in the UK if they make acquisitions in 1995. Tariffs are also to be deregulated.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: North West faces transatlantic bid war: in the previous contested bid for a UK electricity company, an American predator saw off its English rival. What are the changes of the same think happening at Norweb, unwilling target of North West Water?
- Abstracts: Study: marketers underestimating trade ad leads. Recognizing the best of b-to-b work - and the challenges it presents
- Abstracts: The June 1989 regulatory mandated Argentinean write-offs and US bank security returns: an empirical investigation
- Abstracts: After the act: although the initial response to the recently enacted pension law has been quiet acceptance, many in the industry believe the terms of the Act will, longer-term have a major impact on the investment strategy of pension funds