Advertisement

Pacificorp Makes New Cash Bid for Pinnacle:...

From Times Staff and Wire Service Reports

Pacificorp Makes New Cash Bid for Pinnacle: Pacificorp renewed its pursuit of Pinnacle West Capital Corp. with a sweetened, all-cash offer of $1.8 billion that will be hard to resist. Phoenix-based Pinnacle West, which owns Arizona Public Service Co., an electric and gas utility, had rejected three previous takeover offers from Pacificorp, a Portland, Ore.-based utility.


Advertisement
Advertisement