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Con Ed Shareholders Approve NU Merger
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Business New Haven
5/1/2000
By: Kristine Hansen
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NEW YORK - Consolidated Edison Inc. (NYSE: ED) announced that its shareholders had approved its merger with Northeast Utilities (NYSE: NU). Northeast Utilities shareholders likewise approved the merger, valued at $7.5 billion. Following the planned transaction Consolidated Edison is expected to become the largest electric-distribution company in the country.
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