SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Felix who wrote (8000)3/2/2011 7:27:57 AM
From: Bocor  Read Replies (1) of 34328
 
ALLENTOWN, Pennsylvania (PPL) reached an agreement to acquire the U.K.'s Central Networks electric distribution business from Germany's E.ON for 3.5 billion pounds in cash ($5.7 billion) and will assume 500 million pounds ($813.9 million) of debt.

More on PPL

PPL To Expand Regulated Business Portfolio By Acquiring Second-Largest U.K. Electric Distribution BusinessFirstEnergy Completes Allegheny PurchasePPL Electric Utilities Ranks Highest In J.D. Power And Associates Study Of Business Customer Satisfaction For Ninth Time In 12 Years

Market Activity
PPL Corporation| PPL

The acquisition is expected to close in early April.
Once the deal closes, PPL said it would own and operate the largest network of electricity delivery companies in the U.K.in terms of regulated asset value, at a combined 4.9 billion pounds.
"This transaction significantly improves PPL's business mix and our business-risk profile," said James Miller, PPL's chairman, president and CEO, in a statement.
PPL estimates the acquisition will be accretive to its 2011 earnings by about 10 cents to 15 cents a share. The power company estimates the accretive value of the transaction will increase to 32 cents to 38 cents a share by 2013
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News