Off Peak

Fortnightly Magazine - April 1 1996
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As this snapshot look at the seven utility mergers announced since January 1995 demonstrates, traditional patterns are no longer being followed. A number of the announced transactions did not fit squarely into either the merger-of-equals model (little or no premium, fairly even equity and board split, CEO succession plan) or the acquisition model (high premium, disparate equity and board split, no CEO succession plan). In addition, 1995 brought the first pure gas and electric merger (Puget Sound and Washington Energy) and the first three-way merger (WPL, IES, and Interstate) since the 1970s. t


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This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.