NUI [计] NetWare用户国际组织
- NUI Corp. shareholders approved the spin off of the Elizabeth, N.J., company's non-utility operations.
- In composite trading on the New York Stock Exchange, NUI closed Friday at $20.25 a share, down 25 cents.
- NUI said it reduced its latest offer because PEI has entered into more expensive financing arrangements with banks and has further deferred construction of filtration plants for water operations.
- NUI has four non-utility divisions: a natural gas brokerage, a propane sales firm, an oil and gas exploration company and a data processing concern.
- Pennsylvania Enterprises openly challenged NUI's intentions in purchasing its water unit.
- A Pennsylvania Enterprises spokesman also said the company was advised by its regulatory counsel that the NUI bid was unlikely to receive approval.
- However, NUI intends to pay half the total acquisition price in cash and half in its own common shares, and has the right to prorate the final distribution.
- NUI said eligible employees have until Sept. 30 to choose.
- He also said that NUI, contrary to its claims, never made an unequivocal offer to infuse $25 million "or any other amount" into the water utility.
- The letter asked Mr. Pollock to reconsider NUI's proposal.
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