SCEcorp, the parent company of Southern California...
SCEcorp, the parent company of Southern California Edison, has granted San Diego Gas & Electric’s request for more time to study SCE’s previously announced $2-billion merger proposal, the utilities said Thursday. The stock-swap offer was to have lapsed this afternoon. SDG&E; requested the extension until Sept. 1 to give its board of directors adequate time “to study and consider” the merger proposal, according to an SDG&E; spokesman who declined to make further comment on SCEcorp’s proposal.
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