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NU, Yankee Energy Merger Earns SEC Approval
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Business New Haven
2/21/2000
By: Kristine Hansen
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BERLIN - The Securities & Exchange Commission has given its final approval for the merger of Northeast Utilities (NYSE: NU) and Yankee Energy System Inc. (NYSE: YES). Shareholders of Yankee Energy and the DPUC had previously approved the merger. Northeast Utilities is expected to pay $478 million for Yankee Energy equity. Yankee Energy will become a subsidiary of NU when the merger closes.
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