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Article: IES INDUSTRIES TELLS SHAREHOLDERS ITS BOARD WILL MEET TO EVALUATE MIDAMERICAN PROPOSAL

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PR Newswire
Article date:
August 9, 1996
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Urges Shareholders Not To Act Until They Receive IES's Recommendation

CEDAR RAPIDS, Iowa, Aug. 9 /PRNewswire/ -- IES Industries Inc. (NYSE: IES) Chairman of the Board, President & Chief Executive Officer Lee Liu said today that the IES Industries Board of Directors will be meeting in due course to consider the unsolicited acquisition proposal offered by MidAmerican Energy of Des Moines, Iowa.

"The Board of Directors is addressing this proposal and giving it full and thoughtful consideration," Liu said.

MidAmerican Energy first proposed a merger with IES Industries in October 1995. IES rejected that proposal and instead signed a definitive merger ...

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