North West set to raise Norweb bid
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.North West set to raise Norweb bid
North West Water is this week expected to increase the bidding to win control of Norweb, the regional electricity company. Sources said that North West's board, headed by Sir Desmond Pitcher, would meet early this week to vote on raising its current cash and paper terms worth pounds 11.12 per Norweb share.
Some analysts said North West might have to pitch a fresh offer at around pounds 12 a share to win both the recommendation of Norweb's board and to defeat the rival pounds 10.85 cash bid on the table from Texas Energy Partners.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments