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CMP Group tenders for four series of Central Maine Power preferreds
By Jennifer Chiou
New York, Jan. 28 - Central Maine Power Co. announced that the owner of all of its common stock, CMP Group, Inc., has launched a tender offer for all of the preferred stock of Central Maine Power:
• 6% preferred stock with a purchase price of $100;
• 4.6% dividend series with a purchase price of $93;
• 4.75% dividend series with a purchase price of $93; and
• 5.25% dividend series with a purchase price of $93.
The offer ends at 5 p.m. ET on March 3.
Holders will also receive accrued dividends up to the settlement date.
The offer is conditioned upon, among other things, tenders from holders of a majority of the preferreds, exclusive of the 533 shares of preferreds already owned by CMP Group.
Questions may be directed to BNY Mellon Shareowner Services (866 275-9502).
CMP Group is a wholly owned subsidiary of Iberdrola USA, Inc. The electric company is based in Augusta, Maine.
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