Saturday, November 04, 2006

Duquesne Acquisition

Pittsburgh Tribune-Review:
Duquesne Light Holdings Inc. said Friday it expects state regulators' approval of its $3 billion acquisition by a consortium of investors by June, three to six months later than originally thought.

The Downtown-based parent of electric utility Duquesne Light Co. announced in July that the group led by Australia's Macquarie Infrastructure Partners had its board's approval to buy all outstanding common stock for $20 a share. Stockholders are to vote at a special meeting Dec. 5.