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| | Northeast buying Yankee Energy - Jun. 15, 1999 |
 | | NEW YORK (CNNfn) - Northeast Utilities, operator of electric utilities in Connecticut, said Tuesday that it will buy Yankee Energy System Inc., a natural gas distributor, for $679 million, the latest in a string of deals among gas and electric utilities. |
 | | Hartford-based Northeast Utilities (NU) said it will pay $45 in cash and stock for each share outstanding of Yankee (YES) stock. |
 | | A day earlier, Texas-based Dynegy Inc. (DYN) announced that it will buy Midwestern utility Illinova Corp. (ILN) for $7.5 billion in cash, stock and debt, and two other Midwestern companies, Indiana Energy Inc (IEI) and SIGCORP Inc. (SIG), said they were merging in a $1.4 billion deal. |
| money.cnn.com /1999/06/15/deals/yankee (458 words) |
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