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Northern States, Wisconsin Energy Propose Merger
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Two large and strong utilities in the Midwest, Northern States
Power Co. and Wisconsin Energy Corp., said Monday that they would
merge into a new company, with a combined market value of about
$6 billion.
Analysts said the deal, which could put pressure on other
utilities to seek partners, showed how quickly the industry was
preparing for an era of fierce competition.
The merger, which is subject to approval by state and federal
agencies, would create a new company called P...
Related newspaper, magazine, and journal articles from HighBeam Research
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Betrothed utilities no longer equal Wisconsin Energy worth 45% of proposed merged company
The Milwaukee Journal Sentinel
; When the creation of Primergy Corp. was proposed in May 1995, it was a merger of equals, Wisconsin Energy Corp. and Northern States Power Co. Two years later, with the deal still awaiting regulatory approval, the partners are no longer equal. Investors believe Minneapolis-based Northern States has
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String of troubles hasn't unplugged Wisconsin Energy
The Milwaukee Journal Sentinel
; Avrum D. Lank String of troubles hasn't unplugged Wisconsin Energy By AVRUM D. LANK of the Journal Sentinel staff Sunday, May 7, 2000 Worrying about the future of a company that can borrow $1.2 billion on the strength of its good name is akin to fretting that the sun will burn out soon. Yet
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Utility to purchase U.P. power company Wisconsin Energy would gain 21,000 customers
The Milwaukee Journal Sentinel
; ... of Eselco to be converted into $44.50 worth of Wisconsin Energy shares. Shares of Eselco closed Tuesday at $37, up $6.50, on news of the planned acquisition. Shares of Wisconsin Energy closed at $24.625, up 12.5 cents. Analyst Robyn Kara of Robert W. Baird ...
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Northern States weighs venture
The Milwaukee Journal Sentinel
; Northern States Power Co. may take a closer look at a venture it passed up while a merger with Wisconsin Energy Corp. was pending. Minneapolis-based Northern States and Milwaukee-based Wisconsin Energy called off their merger May 16 after federal regulators rejected the merger plan. "Now it's time
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Wisconsin Energy Corp. to Buy Eselco Inc.(Originated from Milwaukee Journal Sentinel)
Knight Ridder/Tribune Business News
; ... Wisconsin Energy shares. Shares of Eselco closed Tuesday at $37, up $6.50, on news of the planned acquisition. Shares of Wisconsin Energy closed at $24.625 ... Milwaukee Journal Sentinel. Distributed by Knight-Ridder/Tribune Business News. WEC, NSP,
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