NST: NSTAR Instablogs - Seeking Alpha

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Thursday, April 5, 2012, 12:07 PM NStar (NST -0.3%) wins final approval for its planned $5B merger with Northeast Utilities (NU -0.2%), gaining the support of the Massachusetts Department of Utilities. The endorsement paves the way for creating of a New England energy giant that will serve 3.5M gas and electric customers. Comment! [Energy, M&A]
Thursday, April 5, 2012, 6:57 AM S&P announces that Cinemark (CNK) will replace Nstar (NST) in the S&P MidCap 400 Index after the close of trading on April 9. Shares of CNK +3.9% premarket. Comment! [On the Move]
Wednesday, January 4, 2012, 3:34 PM The proposed $4.3B merger between Northeast Utilities (NU -1.7%) and Nstar (NST -3.7%) will be reviewed by utility regulators in Connecticut, reversing the state's decision last year not to review the transaction, the Hartford Courant reports. The preliminary decision throws a new barrier in the way of the deal that would create a $17.5B utility, just three months before the deal expires. Comment! [Energy, M&A, On the Move]
Friday, November 11, 2011, 3:05 PM NSTAR (NST +2%) moves higher after getting upgraded to Outperform at Wells Fargo. Wells says it expects the company's merger with Northeast Utilities to close in H1 2012, and give a boost to revenue. Comment! [On the Move, Energy]
Friday, November 4, 2011, 6:37 PM New England utility Nstar (NST) reports a Q3 EPS of $0.94, beating estimates by $0.01. Earnings jumped 29% Y/Y on stronger electric transmission revenue, which helped to offset the negative impact of a cool summer that weakened power sales. Comment! [Energy, Earnings]
Monday, October 18, 2010, 7:37 AM Northeast Utilities (NU) and NSTAR (NST) agree to a merger of equals worth $17.5B - creating New England's largest utility company. Northeast shareholders will own 56% of the combined company, which will be called Northeast Utilities. (PR) Comment!

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