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Northwestern Corporation Message Board

  • harley842 harley842 Apr 26, 2006 6:32 PM Flag

    What if?

    What are the chances of this thing getting approved? This is a chance for those who want out to get out at a good price. If approval fails, NWEC is not at fault and the deal is off. Was BBI picked because it was the best deal for all parties, or some parties?

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    • BBI was picked to save the board and management. If Black Hills Power bought the company, the company would be under the Black Hills Power board and management. With a remotely located company like BBI which is really not in the utility business, they still need the current managment.

    • Looks like a pretty sure thing. The price says so, the volume says so, the parties involved say so, BKH says so, and I say so. You can take $35 + right now or get divvies and anothe 5% share price when the deal closes. By the time of closing my shares will all be Long Term Gains. The $35 that it is trading at now is as much as I had expected so it looks sweet to me.
      A real plus for me was a $2 pop for BKH which I also own!

      I have always questioned the wisdom of a company buying a utility in another country but that is their problem.

      • 1 Reply to hermangh2000
      • Thanks for your perspective. The $35 is more than I expected too. I think I will sell for $35 and some change. This think looks like it could go through pretty easy, with the Montana PSC being the wildcard. Everthing BBI is saying they will do for the Company and Montana is what NW said when buying Montana Power. I believe that is still very fresh in the minds of some Montanans. BBI may have the best of intentions, but they are following a trail that still has some burnt paths.

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