Monday, June 25, 2007

UPDATE 1-Babcock submits revised offer for NorthWestern

(Reuters) - The new proposal offers US$20 million in customer refunds,
a commitment to spend at least US$380 million to bolster
existing operations in Montana, and slash the debt component of
the purchase by half with a corresponding increase in equity.




"The joint applicants, and particularly BBI, have heard the
Commission loud and clear," Babcock & Brown Infrastructure
Chief Executive Officer Jeff Kendrew said in a statement.


Read more at Reuters.com Mergers News

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