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Wednesday, December 3, 2014

NextEra Energy to purchase Hawaiian Electric for $3.5 bln, (NYSE: HE), (NYSE: NEE)

U.S. power company NextEra Energy Inc said it would purchase Hawaii's largest power supplier, Hawaiian Electric Industries Inc, for about $3.5 billion in cash and stock. The offer of about $33.50 per share represents a premium of nearly 19 percent to Hawaiian Electric's Wednesday close of $28.19.

Hawaiian Electric Industries, Inc. (HEI) is a holding company with its principal subsidiaries engaged in electric utility and banking businesses operating primarily in the State of Hawaii. Shares of HE fell by 0.04% or $-0.01/share to $28.19. In the past year, the shares have traded as low as $22.71 and as high as $28.49. On average, 788580 shares of HE exchange hands on a given day and today's volume is recorded at 627606.

NextEra Energy, Inc. (NEE) is an electric power company. Shares of NEE fell by 0.68% or $-0.72/share to $104.39. In the past year, the shares have traded as low as $81.52 and as high as $105.94. On average, 1940670 shares of NEE exchange hands on a given day and today's volume is recorded at 1606472.



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