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Stock drop thwarted bid for higher price from Iberdrola, Energy East discloses

机译:Energy East透露,库存下跌阻碍了Iberdrola对更高价格的竞标

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Energy East's management and board of directors both felt the $28.50/share price offered by Iberdrola was not enough — but decided they had to take it after the stock markets began declining in June.rnEast also wanted a "go shop" period to solicit other proposals, following the public announcement of the Iberdrola deal, but the Spanish company refused.rnThose and other disclosures about what led up to the deal came in the preliminary proxy statement — filed with the Securities and Exchange Commission September 26 — for the special meeting at which East stockholders are to vote on the deal. The date has not been set.
机译:Energy East的管理层和董事会都认为Iberdrola提出的每股28.50美元的价格还不够,但是他们决定在6月股市开始下跌后不得不接受。EastEast还希望有一个“上架销售”期间来征求其他建议。 Iberdrola交易的公开宣布之后,但该西班牙公司拒绝了。rn关于该交易最终原因的其他信息披露于9月26日提交给美国证券交易委员会的临时委托书中,以供特别会议审议。东方股东将对该交易进行投票。日期尚未设定。

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