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Article: National Grid to Acquire Niagara Mohawk in $3.0 Billion Transaction; Creates Ninth Largest Electric Utility in U.S.
- Article from:
- PR Newswire
- Article date:
- September 5, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Transaction Doubles Size of National Grid USA; Creates Most Extensive
Transmission Network and 2nd Largest Distribution Business In
New England/New York Region
Niagara Mohawk to Retain Name and Syracuse-Based Operating Headquarters;
National Grid Casts Vote of Confidence for Upstate New York Economy
WESTBOROUGH, Mass. and SYRACUSE, N.Y., Sept. 5 /PRNewswire/ --
National Grid Group plc (NYSE: NGG; LSE) and Niagara Mohawk Holdings, Inc. (NYSE: NMK) announced today that they have signed a merger agreement under which National Grid will acquire Niagara Mohawk through the formation of a new National Grid holding company, ...