City Hopes That E.On Will Swoop for Power Utility Scottishpower Value Up Gbp250m As Expectation of Offer Grows
The Herald › September 13, 2005
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Summary
SCOTTISHPOWER'S shares yesterday stirred from their torpor of late last week with a 2.5-per cent jump - adding another GBP250m- plus to its stock market worth - as City hopes rose that German giant E.ON would pay up in a bid.
The Glasgow-based electricity and gas company's shares had advanced strongly last Tuesday, following E.ON's announcement after the stock market had closed that Monday that it was considering a cash bid for ScottishPower.See the full content of this document
Extract
City Hopes That E.On Will Swoop for Power Utility Scottishpower Value Up Gbp250m As Expectation of Offer Grows
However, ScottishPower shares were becalmed between Wednesday and Friday.
It had appeared that E.ON's comment in its statement on Monday last week that the Glasgow-headquartered u...See the full content of this document
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