(Bloomberg) -- Babcock & Brown Infrastructure
Group's $2.2 billion bid to acquire NorthWestern Corp., a South
Dakota-based utility, was rejected today by the Montana Public
Service Commission.
The Australian company, based in Sydney and known as BBI,
first announced plans to acquire NorthWestern in April 2006,
saying the utility's steady earnings would complement its
investments in ports and power cables.
Read more at Bloomberg Energy News
Group's $2.2 billion bid to acquire NorthWestern Corp., a South
Dakota-based utility, was rejected today by the Montana Public
Service Commission.
The Australian company, based in Sydney and known as BBI,
first announced plans to acquire NorthWestern in April 2006,
saying the utility's steady earnings would complement its
investments in ports and power cables.
Read more at Bloomberg Energy News
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