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East Midlands in formal takeover talks
- Article from:
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The Independent - London
- Article date:
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November 12, 1996
- Author:
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Copyright informationCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Directors of East Midlands Electricity were last night
preparing for formal discussions about a possible takeover strike
for the company from Dominion Resources, the US utility group.
After days of detailed work on the bid by Dominion's board and
advisers from SBC Warburg and US buyout specialists Wassterstein
Perellas, the Virginia-based power company approached East Midlands
yesterday to arrange a meeting.
It is thought the negotiations could take place as early as
today. Thomas Capps, Dominion's chairman, was understood to be
flying to London to meet for the first time with Sir Nigel Rudd,
East Midlands' chairman. Sir Nigel is understood to have made clear
that East Midlands will have ...