Scottish Power surges on bid talk

Scottish Power shares jumped ahead today after takeover developments involving the utility took a new twist over the weekend.

Scottish Power surges on bid talk
Mon, 07 Nov, 2005 - 10:04

Scottish Power shares jumped ahead today after takeover developments involving the utility took a new twist over the weekend.

The group’s share price rose by as much as 5% as speculation put Scottish & Southern Energy in the frame as a potential merger partner, while Powergen owner E.On is thought to have started formal takeover talks with Scottish Power.

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CourtsBusinessHeathrowPlace: GermanyPlace: LondonPlace: ScotlandPlace: USPlace: UKPlace: BritainPerson: E.OnPerson: Warren BuffettOrganisation: Scottish PowerOrganisation: ScottishOrganisation: Southern EnergyOrganisation: PowergenOrganisation: SSEOrganisation: PacifiCorpOrganisation: MidAmericanOrganisation: Southern ElectricOrganisation: Scottish Hydro ElectricOrganisation: SWALECOrganisation: Midlands ElectricityOrganisation: East Midlands Electricity
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