Energy East EAS
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Credit Outlook: Sector Updates and Top Bond Picks
… rating: BBB+ ), representing the largest acquisition in the utility sector since Iberdrola (ticker: IBE) bought Energy East in 2007 for $8.6 billion. In December, AGL (ticker: AGL , rating: BBB+) made an aggressive grab for gas infrastructure …
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New York Approves Energy East Deal
New York regulators switched tack and voted 4-0 in favor of the proposed $28.50-per-share acquisition of Energy East EAS by Spanish utility Iberdrola. New York state had been the last remaining entity to approve the deal, which took …
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Judge Advises against Energy East
We are placing Energy East EAS under review as we digest the impact of a recent recommendation against the proposed merger with Iberdrola. A New York administrative …
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Energy East Defends Proposed Merger
… York state continues to oppose the planned merger of Energy East EAS and Iberdrola, we remain confident the deal will ..... considerations underpin our position. First, we think Energy East and Iberdrola are complementary: The former possesses …
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Energy East Merger Could See Delays
… recent developments threaten the proposed takeover of Energy East EAS by Spain’s Iberdrola. The first relates to comments ..... While vague, these developments matter to the proposed Energy East -Iberdrola merger, because the Public Service Commission …
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Energy East Deal Nearly Approved
Energy East EAS and its Spanish suitor, Iberdrola, have recently secured several ..... gave the deal a green light. Three of the four major states in which Energy East operates (including Maine) have also signed off on the proposal. We …
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Energy East Fumbles in 3Q
Energy East EAS turned in a weak performance in the ..... think the offer represents a good deal for Energy East shareholders, and we are reasonably confident ..... sure, however, where regulators stand. Energy East says it expects to receive all regulatory …
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Spain's Iberdrola to Buy Energy East
Energy East EAS announced a proposal under which Spanish ..... firm in full. Under the proposed terms, Energy East shareholders would receive $28.50 per ..... a stable, cash-producing business, Energy East would offer the Spanish utility both a …
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Energy East Grows at Snail's Pace
Energy East EAS reported fourth-quarter and end-of-year results that were marginally below our expectations. We're impressed, however …
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Energy East Holding Steady
Energy East EAS is the quintessential regulated "wires and pipes" business with ..... any news concerning possible acquisitions--a core growth strategy at Energy East . The firm has been successful at buying related businesses in the past …