GE Harris Awarded Two Supply Contracts for SCADA/EMS Systems in Europe’s Baltic Region

“Eastern Europe and the Baltic region are a key piece of our business strategy, and we are pleased to be working with DC Baltija and Latvenergo on these projects,” said Jay Freeland, GE Harris President & COO.

AKRON, OH, and MORRISTOWN, NJ-FirstEnergy Corp. and GPU Inc. have announced that both companies’ boards of directors have unanimously approved a definitive merger agreement under which FirstEnergy would acquire all of the outstanding shares of GPU’s common stock for approximately $4.5 billion in cash and FirstEnergy common stock. FirstEnergy also would assume approximately $7.4 billion of GPU’s debt and preferred stock. The combined company would have an equity value of approximately $8.5 billion, based upon the closing stock price on August 4, 2000, of $26.94 per FirstEnergy share.

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