NiSource gets lucky

Headline: NiSource gets luckySource: EuromoneyDate: February 2001Author: Antony Currie Acquirer: NiSourceType of deal: hostile acquisition of Columbia Energy GroupAmount: $14.7 billionAdvisers: Credit Suisse First Boston; Wasserstein Perella; Barclays Capital (financing) NiSource’s hostile takeover of Columbia Energy wins the overall prize for best US M&A deal for several reasons. It was a takeover of a regulated […]

Headline: NiSource gets lucky
Source: Euromoney
Date: February 2001
Author: Antony Currie

Acquirer: NiSourceType of deal: hostile acquisition of Columbia Energy GroupAmount: $14.7 billionAdvisers: Credit Suisse First Boston; Wasserstein Perella; Barclays Capital (financing)

NiSource’s hostile takeover of Columbia Energy wins the overall prize for best US M&A deal for several reasons. It was a takeover of a regulated by an unregulated utility by an aggressive firm that secured $6 billion in financing from CSFB and Barclays Capital with a market capitalization of $2 billion.






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