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Energy East Corp

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BUSINESS
February 21, 2001 | Reuters
Energy East Corp. said it would pay $1.4 billion to buy RGS Energy Group Inc., creating one of the largest diversified energy providers in the U.S. Northeast. The companies said they would use the savings from merged operations to ease the way for a deregulated electricity market in New York state. Under terms of the deal, Energy East will pay $39.50 per share in cash or Energy East stock for Rochester, N.Y.-based RGS Energy.
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BUSINESS
February 21, 2001 | Reuters
Energy East Corp. said it would pay $1.4 billion to buy RGS Energy Group Inc., creating one of the largest diversified energy providers in the U.S. Northeast. The companies said they would use the savings from merged operations to ease the way for a deregulated electricity market in New York state. Under terms of the deal, Energy East will pay $39.50 per share in cash or Energy East stock for Rochester, N.Y.-based RGS Energy.
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BUSINESS
June 16, 1999
* General Electric's NBC and two companies associated with former junk bond king Michael Milken have taken minority stakes in closely held Hoover's Inc., which provides detailed descriptions of U.S. corporations, for $8.9 million. Hoover's said the alliance with NBC and the two units tied to Knowledge Universe, the computer training and information technology company started by Milken in 1996, also involved licensing and distribution agreements.
BUSINESS
June 16, 1999
* General Electric's NBC and two companies associated with former junk bond king Michael Milken have taken minority stakes in closely held Hoover's Inc., which provides detailed descriptions of U.S. corporations, for $8.9 million. Hoover's said the alliance with NBC and the two units tied to Knowledge Universe, the computer training and information technology company started by Milken in 1996, also involved licensing and distribution agreements.
BUSINESS
August 4, 1998 | From Reuters
Edison International, parent of Southern California Edison Co., said Monday that its unregulated Edison Mission Energy unit will acquire a western Pennsylvania coal-fired power plant for $1.8 billion. "They bought the best power plant in the region. It is always dispatched first, and it straddles two [power transmission] pools," said Ed Tirello, an analyst at BT Alex. Brown Inc. The plant, jointly owned by GPU Inc. and Energy East Corp.'s New York State Electric & Gas Corp.
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