Wednesday, November 08, 2006
Scottish Power confirms bid approach
Scottish Power PLC has confirmed that it has received an approach which may or may not lead to an offer for the utility.There can be no certainty that an offer will be made and any offer that is made will be considered by the board at the appropriate time, Scottish Power added.On Sep 11, The Daily Telegraph reported that Scottish & Southern Energy had held talks over the summer with Scottish Power over a possible 20 bln stg merger.