Deals
Power-Line Operator ITC Starts Review That May Lead to Sale
- Study is part of effort to maximize value to shareholders: ITC
- National Grid, Iberdrola may consider bidding: people familiar
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ITC Holdings Corp. said Monday it is engaged in a strategic review that may lead to a sale of the power-line company as it works to “maximize value for shareholders.”
The company’s board of directors hasn’t decided to enter into a transaction, Novi, Michigan-based ITC said in a statement late Monday. There are no guarantees that the study will result in a deal, ITC said.