Thursday 13 August 1998
CalEnergy will pay $27.17 cash for each MidAmerican share, a 36 per cent premium to MidAmerican's closing share price on Tuesday, and assume $1.4bn in debt and preferred stock.
MidAmerican, the largest utility in Iowa, has a network of power plants that burn coal, the lowest-cost fuel for electricity, and transmission lines that feed into the $6.3bn Chicago market, where electricity prices have historically been higher than other parts of the Midwest.
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- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
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Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
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UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
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Billy Crystal: 'Stop shoving gay sex scenes in my face'
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French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
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