Skadden Arps Slate Meagher & Flom and Ropes & Gray have taken the lead roles on a $9.5bn ($6bn) merger which will creating one of the largest utilities companies in the US, reports The Am Law Daily. Northeast Utilities has agreed to pay more than $4bn (£2.5bn) to absorb NSTAR, forming a company with a total enterprise value of $17.5bn (£11bn). The company will continue to be known as Northeast Utilities.
October 19, 2010 at 07:22 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom and Ropes & Gray have taken the lead roles on a $9.5bn ($6bn) merger which will create one of the largest utilities companies in the US, reports The Am Law Daily.
Northeast Utilities has agreed to pay more than $4bn (£2.5bn) to absorb NSTAR, forming a company with a total enterprise value of $17.5bn (£11bn). The company will continue to be known as Northeast Utilities.
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