Wednesday, September 14, 2005
mergermarket.comScottishPower board poised to recommend E.On offer – market report
14/09/2005
Story: ScottishPower, the UK-listed power company, is poised to recommend E.On’s 600p-per-share bid, according to the Guardian’s market report. The unsourced item noted that ScottishPower’s shares rose 4.75p to 574p on the back of rumours that the German energy giant’s offer would be backed by the board. Analysts believe E.On could pay as much as 650p a share, the report added. ScottishPower has a market capitalisation of GBP 10.71bn (EUR 15.9bn).
Source: The Guardian
Value: £10,710m (ScottishPower market cap)
Story: ScottishPower, the UK-listed power company, is poised to recommend E.On’s 600p-per-share bid, according to the Guardian’s market report. The unsourced item noted that ScottishPower’s shares rose 4.75p to 574p on the back of rumours that the German energy giant’s offer would be backed by the board. Analysts believe E.On could pay as much as 650p a share, the report added. ScottishPower has a market capitalisation of GBP 10.71bn (EUR 15.9bn).
Source: The Guardian
Value: £10,710m (ScottishPower market cap)
