DTE Energy to buy MCN in $2.6 billion deal
Article Abstract:
DTE Energy Co. has reached an agreement to acquire MCN Energy Group in a deal worth $2.6 billion (2.4 billion euors). The deal involves an exchange of cash and shares and comes before the assumption of debts. DTE is the parent firm of Detroit Edison and is the seventh-largest utility in the US. DTE is acquiring MCN for $28.50 per share. MCN is the tenth-largest natural gas utility in the US.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
PG&E files plan to reorganize its utility unit
Article Abstract:
PG and E Corp. has filed a bankruptcy plan for its Pacific Gas and Electric Co. subsidiary. The plan involves the reorganization of the unit and is part of the parent firm's efforts to distance itself from California state regulations.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
PG&E wins U.S. approval to restructure
Article Abstract:
PG&E Corp. has been given permission by federal regulators in the US to restructure its corporate operations. The move will protect company assets from its Pacific Gas and Electric Co. unit's creditors.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: New EU-merger regulator is business-friendly liberal. ABN Amro plans to offer buyouts at consumer unit. ABN Amro will review equities operations
- Abstracts: IVillage to buy rival Women.com in stock, cash deal. CareerBuilder to buy rival site for $200 million. IVillage is selling operations of iBaby to rival BabyGear
- Abstracts: PowerGen plans to take charge. United Utilities PLC. Scottish Power faces charge amid U.S. costs
- Abstracts: Wembley development will highlight year of stadia. Foster presents masterplan to transform Wembley. Wembley takes lead in stadium race
- Abstracts: ICN's U.S. suit hits Yugoslav, Serb leaders. Amgen plans to buy Immunex for $16 billion in cash, stock. Bristol-Myers nears pact to buy ImClone stake