To refer or not to refer...

Article Abstract:

Two UK electric utilities are waiting decisions by the authorities on bids. South Western Electricity faces a bid from Southern Electric International and the deal is likely to receive approval. Manweb faces a bid by Scottish Power, which is likely to be referred to the Monopolies and Mergers Commission (MMC). The new grouping would hold a stake of 14% in the electricity distribution market for England and Scotland. The regulator, Stephen Littlechild, will advise the Office of Fair Trading which in turn advises the Department of Trade and Industry whether its should refer the deal to the MMC.

Manweb PLC, South Western Electricity PLC

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Northern plays for time in regulatory vacuum: Trafalgar House wants Northern Electric to let shareholders decide on its latest takeover offer. But electricity companies are in a spin while the industry regulator makes his mind up on price controls

Article Abstract:

Trafalgar House is planning to launch another bid for Northern Electric without waiting for regulator Professor Littlchild's announcement about whether he will review price controls for electricity distributors. Trafalgar has bid 9.50 pounds sterling a share which Northern believes is undervaluing the company

Electric services, Electric housewares and fans, Trafalgar House PLC, Northern Electric Co. (Chicago, Illinois)

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