DTE Energy/MCN Energy Group revise merger agreement

Under the revised terms of the merger agreement, DTE Energy will acquire the outstanding shares of MCN Energy for $24.00 per share in cash, or 0.715 shares of DTE Energy common stock per share of MCN Energy stock, subject to pro-ration and tax considerations such that, in the aggregate, 55% of MCN Energy common stock will be converted into cash and 45% will be converted into DTE Energy common stock.

COLORADO SPRINGS, Colo., Feb. 28, 2001 (PRNewswire) – Westmoreland Coal Company (Amex: WLB) announced today that it’s wholly owned subsidiary, Westmoreland Power, Inc. (WPI), has submitted a proposal to the North Dakota Industrial Commission to develop, own and operate, either independently or in partnership, a new state-of-the-art 500MW lignite-fired power plant near Gascoyne, North Dakota in connection with Lignite Vision 21 (LV-21).


Previous articleBids far exceed capacity on El Paso’s California pipeline
Next articleU.S. FTC launches investigation of retail electric competition

No posts to display