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March 11, 2014
07:33 EDTUILUIL Holdings weakness creates compelling buying opportunity, says Wells Fargo
After analyzing UIL's acquisition of Philadelphia Gas Works, Wells Fargo remains comfortable with its 2015-2017 EPS estimates for the company. The firm thinks the deal has several positive aspects for UIL, including regulatory diversity and potentially meaningful incremental capital investment opportunities. It keeps an Outperform rating on the shares.
News For UIL From The Last 14 Days
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July 16, 2014
08:31 EDTUILUIL CEO says still pursuing Philadelphia Gas Works acquisition
UIL CEO James Torgerson said, “Today, Wednesday July 16, is the first day that UIL can terminate its agreement to acquire the operations of the Philadelphia Gas Works. UIL may now exit this deal at any time while the matter is pending before the City Council. We have decided to continue our efforts to pursue this acquisition and become a new business partner in the City of Philadelphia. UIL remains ready to assist Council in its assessment of the sale including the essential public dialogue of what we believe is a valuable economic opportunity for the City of Philadelphia. UIL will continue to evaluate the situation and take additional actions as appropriate.”

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