Firm disappointed over Scottish Power rejection

Powergen owner E.On pulled plans to bid for Scottish Power today after being told a proposed offer worth £11.3bn (€16.5bn) failed to meet expectations.

Firm disappointed over Scottish Power rejection
Tue, 22 Nov, 2005 - 16:43

Powergen owner E.On pulled plans to bid for Scottish Power today after being told a proposed offer worth £11.3bn (€16.5bn) failed to meet expectations.

The German utility said it was “surprised and disappointed” by the rejection from Scottish Power, following extensive talks over the last two months.

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CourtsBusinessHeathrowPlace: UKPlace: GlasgowPlace: BritainPerson: E.OnPerson: Ian RussellPerson: RussellPerson: Wulf BernotatPerson: Clive RobertsPerson: Charles StanleyOrganisation: Scottish PowerOrganisation: PowergenOrganisation: Scottish & Southern EnergyOrganisation: SSEOrganisation: E.ONOrganisation: Southern ElectricOrganisation: Scottish Hydro ElectricOrganisation: SWALEC
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