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South Western Electricity

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August 26, 1995 | Times Staff and Wire Reports
South Western Accepts Sweetened Bid: Britain's South Western Electricity agreed to be acquired by Southern Co. after the U.S. utility boosted its bid by 7% to $1.65 billion. South Western's decision ends a monthlong battle over the price of the acquisition, which is the first of a British power company by a foreign utility. The deal allows Atlanta-based Southern to expand from a slow-growing U.S. market into Britain's lucrative power-distribution industry.
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BUSINESS
August 26, 1995 | Times Staff and Wire Reports
South Western Accepts Sweetened Bid: Britain's South Western Electricity agreed to be acquired by Southern Co. after the U.S. utility boosted its bid by 7% to $1.65 billion. South Western's decision ends a monthlong battle over the price of the acquisition, which is the first of a British power company by a foreign utility. The deal allows Atlanta-based Southern to expand from a slow-growing U.S. market into Britain's lucrative power-distribution industry.
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BUSINESS
September 29, 1995 | From Reuters
Two Texas utilities made a friendly $2.7-billion takeover bid for Britain's Norweb on Thursday, but a British water company promptly raised its hostile offer as a bidding war erupted for the electric company. Norweb said it will recommend that shareholders accept the offer by Houston Industries Inc. and Central & South West Corp. Their bid was the latest sign of the merger frenzy sweeping the utility industries on both sides of the Atlantic.
BUSINESS
June 14, 1997 | CHRIS KRAUL, TIMES STAFF WRITER
After announcing the terms Friday of its $9.6-billion agreement to buy Energy Group of Britain, Oregon-based PacifiCorp served notice that it has no intention of stopping there--and that future deals could range from India to California. Indeed, PacifiCorp said it might bid for some or all of the 16 California power plants put on the market by Southern California Edison and Pacific Gas & Electric.
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