Deals
Utilities Unsexy No More With Deals at Three-Year High: Real M&A
This article is for subscribers only.
Even utilities are drawing attention in this year’s merger boom.
Electricity providers have attracted almost $50 billion in takeover offers this quarter, the most since the beginning of 2011, according to data compiled by Bloomberg. Cleco Corp., a $3.5 billion regulated power provider, this week became the latest utility to receive interest. That’s after Wisconsin Energy Corp. announced on June 23 that it was buying Integrys Energy Group Inc., and Exelon Corp. agreed in April to acquire Pepco Holdings Inc. in the industry’s biggest deal in three years.