Puget Energy expects buyout to be completed Feb. 6
Bellevue-based Puget Energy says its buyout by the agency of a group of Australian and Canadian investment firms will subsist terminated in three weeks.
Puget Energy before-mentioned Friday it expects to complete its $7.4 billion purchase by an investor group by Feb. 6.
The buyout was approved by the Washington Utilities and transportation Commission last month. But remaining uncertainty with respect to completion of the dispense in a shaky financial environment left Puget’s shares closing Thursday at $26.48, more than 10 percent below the buyout price of $30 per share.
Puget stock jumped $3.44 to $29.67 Friday spring-time following its affirmation that the deal would be consummated.
Puget Sound Energy serves more than 1 the public electric customers and nearly 750,000 natural-gas customers, primarily in Western Washington.
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