Wisconsin Energy to buy Integrys in $9.1 bln deal

June 23 Mon Jun 23, 2014 7:11am EDT

June 23 (Reuters) - Wisconsin Energy Corp said it would buy Integrys Energy Group Inc in a deal valued at $9.1 billion to create a larger, more diverse Midwest electric and natural gas delivery company.

The combined company, which will be named WEC Energy Group Inc, will serve more than 4.3 million gas and electricity customers in Wisconsin, Illinois, Michigan and Minnesota. (Reporting by Swetha Gopinath in Bangalore; Editing by Sriraj Kalluvila)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.