(Bloomberg) -- Shares of Iberdrola SA, the world's
largest owner of wind-power parks, fell after the company said
it will sell new shares to finance buying U.S. utility Energy
East Corp. for $4.5 billion.
The stock dropped as much as 2.4 percent after Bilbao,
Spain-based Iberdrola agreed yesterday to acquire the
electricity retailer in the U.S. Northeast.
Read more at Bloomberg Energy News
largest owner of wind-power parks, fell after the company said
it will sell new shares to finance buying U.S. utility Energy
East Corp. for $4.5 billion.
The stock dropped as much as 2.4 percent after Bilbao,
Spain-based Iberdrola agreed yesterday to acquire the
electricity retailer in the U.S. Northeast.
Read more at Bloomberg Energy News
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