Keyspan Kicks Around Selling Sub

Leibs, Anthony
September 1999
Mergers & Acquisitions Report;09/27/99, Vol. 12 Issue 38, p4
Reports that Keyspan Energy Corp. has decided to sell its stake in Houston Exploration Co. (HEC), a company that explores and produces natural gas. Percentage of stake in $500 million market cap of HEC; Impact on the stock price of HEC; Reasons for the sale of HEC according to Jeffrey Robertson, an analyst at Salomon Smith Barney; Why HEC will easily attract buyers; Percentage of premium that HEC could expect to its stock price in the sale.


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