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Fields Of Opportunity At IES Industries Form IEC Merger
IES Industries merges with WPL Holdings and Interstate Power to form Interstate Energy Corporation IEC to access new markets and accelerate growth. The deal values IES at 36.20 per share, plus a 2.25 per share annual dividend, with a 3 year Iowa rate freeze and expanded regional electricity availability. MidAmerican launches a hostile takeover bid to block the merger, claiming alignment with stagnant growth.
MENTIONED IN THIS ARTICLE
IES
Interstate Energy Corporation
IEC
IES Industries
WPL Holdings
Interstate Power
WPL
IEC Exchange
Iowa
Minnesota
Wisconsin
Illinois
MidAmerican