Experience should guide current merger.(FirstEnergy Corp., GPU Inc.)(Brief Article)(Statistical Data Included)

From: Crain's Cleveland Business | Date: August 14, 2000| Author: PRIZINSKY, DAVID | Copyright information

FirstEnergy's history a help in GPU deal

Insiders and outsiders agree the experience FirstEnergy Corp. officials gained through the merger three years ago of Ohio Edison Co. and Centerior Energy Corp. will be valuable as they take on their biggest challenge yet -- the acquisition of underperforming electric company GPU Inc.

Akron-based FirstEnergy was formed in 1997, when Ohio Edison bought the struggling Centerior Energy. Securities analysts point to the smo...

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