Old School Value

Puget Energy Merger Delayed

It has been announced that the PSD merger will not close by the end of year. The merger agreement requires closing the deal 15 business days after all requirements have been met, including approval by the Utilities and Transportation Commission. Today being the 12th and not expecting an announcement this week, we run out of days in December for it to work out. A New Question Regarding The Merger On hearing the news, a slight concern related to financing came to my mind. What happens to the capital if the financing condition is based on a closure date of 2008. Would the money still be available in 2009?

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Community Against Puget Energy (PSD) Merger?

Before I begin, let me start by saying that if you are invested in this PSD arbitrage and feel uneasy about the press Puget Energy has been receiving, I encourage you to sell out. You'll still end up with a profit now and more comfortable nights.

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