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Pinnacle West Rejects Takeover Offer: Pinnacle West...

From Times Staff and Wire Service Reports

Pinnacle West Rejects Takeover Offer: Pinnacle West Capital Corp.'s board has rejected the latest buyout bid from PacifiCorp--$1.82-billion--as inadequate. It was the fourth time that Portland-based PacificCorp had made an offer for Phoenix-based Pinnacle West, Arizona’s largest corporation and the parent company of Arizona Public Service Co.


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