Tuesday, 26 June 2007

UPDATE 1-Iberdrola says US buy to help EPS, but shares dip

(Reuters) - Iberdrola said late on Monday it would pay $4.5 billion in
cash and take on 3 billion euros of debt as part of its friendly
takeover of Energy East, based in the northeast United States.




Broker BPI said the deal was negative for Iberdrola, Spain's
largest utility by market capitalisation.


Read more at Reuters.com Mergers News

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