NU Closes NSTAR Merger Deal
Diversified utility company Northeast Utilities (NYSE:NU) has completed the proposed merger with NSTAR in a stock-for-stock transaction. Now, NSTAR will operate as a subsidiary of Northeast Utilities in Massachusetts. The merged company will have two headquarters, one in Boston, Massachusetts and another in Hartford, Connecticut. In October 2010, Northeast Utilities had entered into an agreement [...]
Diversified utility company Northeast Utilities (NYSE:NU) has completed the proposed merger with NSTAR in a stock-for-stock transaction. Now, NSTAR will operate as a subsidiary of Northeast Utilities in Massachusetts. The merged company will have two headquarters, one in Boston, Massachusetts and another in Hartford, Connecticut.
In October 2010, Northeast Utilities had entered into an agreement to merge with NSTAR. As per the agreement, the shareholders of NSTAR will get 1.312 shares of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards