Wisconsin Energy Corp said it would purchase 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.
Integrys Energy Group, Inc. is a diversified energy holding company. Shares of TEG traded higher by 0.25% or $0.15/share to $60.95. In the past year, the shares have traded as low as $52.08 and as high as $63.58. On average, 419742 shares of TEG exchange hands on a given day and today's volume is recorded at 946129.
Wisconsin Energy Corporation is a diversified holding company. Shares of WEC traded higher by 0.02% or $0.01/share to $46.89. In the past year, the shares have traded as low as $39.11 and as high as $49.21. On average, 1897850 shares of WEC exchange hands on a given day and today's volume is recorded at 1895119.
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