Cohocton Wind Watch: Spain's Iberdrola Suspended
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


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Wednesday, January 30, 2008

Spain's Iberdrola Suspended

MADRID, Spain — Spain's stock market supervisors Wednesday suspended trading in shares of Spanish utility Iberdrola SA and its unit Iberdrola Renovables SA, before a corporate announcement.

The CNMV, as the market supervisor is also known, said in a statement it will lift the suspensions at 0830 GMT.

British newspaper the Financial Times reported earlier Wednesday that Electricite de France SA and Spanish construction giant Actividades de Construccion y Servicios SA have held preliminary talks about possibly making a joint bid for Iberdrola.

However, ACS said Wednesday it did not have an agreement with EDF to launch a bid for Iberdrola.

"ACS has not reached any agreement with EDF to formulate a takeover offer for Iberdrola's share capital," ACS said in a filing with Spanish regulators.

There was no comment immediately available from either of the other two companies involved.

Before the suspension, Iberdrola's shares were indicated to open up 5 percent. The stock closed Tuesday at euro9.23 (US$13.64).

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TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

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