Hints and tips:
...Savings from KeySpan, the $11.8bn US acquisition made in 2007, are on target to reach $200m per year, the company said....
...National Grid bought KeySpan, a large US gas supplier, in August last year and financed the deal with debt....
...KeySpan, the US business brought for $11.8bn (£6bn) last year, was delivering costs savings as expected, Mr Holliday said....
...The size of its US business will roughly double with the $11.8bn acquisition of New York-based KeySpan, the biggest gas distribution company in the north-eastern US....
...As a result of the KeySpan deal, National Grid will generate 52 per cent of its operating profits in the US....
...The final stages of talks over KeySpan have coincided with a flurry of activity in the European utilities industry....
...Although insiders believed KeySpan’s board would probably select a preferred bidder as early as next week, they cautioned that the talks could still fall apart....
...In late February, the UK’s National Grid agreed to buy KeySpan for about $7bn....
...If it thinks buying KeySpan makes sense, then it probably does,” said one analyst....
...News from National Power that it had agreed a $7.3bn deal to buy KeySpan of the US and the attempts to merge Gaz de France with French water group Suez pushed International Power shares to a near-seven year...
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