Acquisition By PPL Corporation
PPL and E.ON announced on April 28, 2010 a definitive agreement under which PPL would acquire E.ON US, the parent company of KU and Louisville Gas & Electric, for $7.625 billion. The sale was closed on November 1, 2010.
Read more about this topic: Kentucky Utilities
Famous quotes containing the words acquisition and/or corporation:
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)
“The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.”
—C. Wright Mills (1916–1962)