Wps Wants to Buy Chicago Utility; Offer for Peoples Energy Corp. Is Said to Be $1.5 Billion
The Milwaukee Journal Sentinel › July 07, 2006
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Summary
Green Bay-based WPS Resources Corp. would start selling natural gas in Chicago if it succeeds in buying Peoples Energy Corp.
WPS Resources and Peoples both confirmed Thursday that they were discussing a "potential business combination," after The Wall Street Journal reported WPS was considering a $1.5 billion offer for Peoples. Citing unnamed "people familiar with the matter," the newspaper said the companies were "in advanced discussions" toward a transaction that could be completed within days.See the full content of this document
Extract
Wps Wants to Buy Chicago Utility; Offer for Peoples Energy Corp. Is Said to Be $1.5 Billion
The talks come on the heels of WPS' $648 million acquisition of two natural gas utilities in Michigan and Minnesota in recent months. The Minnesota deal was completed Monday.
WPS spokesman Kerry Spees said he couldn't comment on the talks, and both Peoples and WPS said they would make no further statements un...See the full content of this document
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