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Examples
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Northeast Utilities agreed to buy fellow New England utility company Nstar for $4.3 billion in stock, forming what the two companies said will be one of the country 's biggest utilities.
Northeast Utilities to Buy Nstar for $4.3 Billion in Stock Nathan Becker 2010
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*** Utilities Northeast Utilities agreed to buy fellow New England utility company Nstar for $4.3 billion in stock, forming what the two companies said will be one of the U. S.'s biggest utilities.
Business Watch 2010
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Nstar holders will get 1.312 shares of Northeast for each share of Nstar, valuing it at $40.28 each — a 1.9% premium to Friday 's closing price.
Northeast Utilities to Buy Nstar for $4.3 Billion in Stock Nathan Becker 2010
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Northeast Chief Executive Charles Shivery would become the nonexecutive chairman of the company for 18 months, while Nstar CEO Thomas May will be president and CEO, becoming chairman after Mr. Shivery 's tenure.
Northeast Utilities to Buy Nstar for $4.3 Billion in Stock Nathan Becker 2010
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Northeast Utilities agreed to buy fellow New England utility company Nstar for $4.3 billion in stock, forming what the two companies said will be one of the country 's biggest utilities.
Stocks Flat; Citi Results Lift Financials Donna Kardos Yesalavich 2010
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Northeast in August said its second-quarter profit dropped 13% on lower revenue and weaker earnings at its distribution segment, while Nstar said in July that its second-quarter profit tripled amid a big gain from a sale of a discontinued operation.
Northeast Utilities to Buy Nstar for $4.3 Billion in Stock Nathan Becker 2010
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The terms value Nstar at a 1.9% premium to Friday 's closing price.
Stocks Flat; Citi Results Lift Financials Donna Kardos Yesalavich 2010
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Nstar, which serves 1.1 million customers in the region including Cape Cod, had less than 300 storm-related outages early Saturday.
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He favors stocks such as AGL Resources Inc., with a dividend yield over 6%, and Nstar, yielding roughly 5%.
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He also favors a handful of electric utilities, including Nstar
Utilities 2009
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