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Article: San Diego Gas & Electric responds to news story in the San Diego Union. (merger and dividends)
- Article from:
- PR Newswire
- Article date:
- January 25, 1989
CopyrightCOPYRIGHT 1989 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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SAN DIEGO GAS & ELECTRIC RESPONDS TO NEWS STORY IN THE SAN DIEGO UNION
SAN DIEGO, Jan. 25 /PRNewswire/ -- Contrary to a news story published in today's editions of "The San Diego Union," the merger agreement between San Diego Gas & Electric (SDG&E) (NYSE: SDO) and Southern California Edison (NYSE: SCE) does not prohibit SDG&E from passing along regular quarterly cash dividend increases to its shareholders, SDG&E said today.
The story in question, "SDG&E, Edison Togetherness Leads City To Study Curbs," also was misleading when it stated that SDG&E is prohibited from making any "major power purchases" pending the merger.
-- The merger ...