Tag Archive | "asb"

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Hawaiian Electric Industries to be purchased by Florida based NextEra Energy for $4.3B

The transaction, which is valued at approximately $4.3 billion, includes the assumption of $1.7 billion in HEI debt and excludes HEI’s banking subsidiary. In connection with the agreement, HEI separately today announced a plan to spin off ASB Hawaii, the parent company of American Savings Bank.

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As a publicly traded company, we have a fiduciary obligation to our  shareholders, customers and community to consider any valid proposal to  purchase our company. If we receive a formal proposal, we will evaluate  it, but we have nothing to date. We were contacted by Mr. Marth for the  first time last night by email, but have had no discussions.

Hawaiian Electric Industries releases statement regarding potential sale

As a publicly traded company, we have a fiduciary obligation to our shareholders, customers and community to consider any valid proposal to purchase our company. If we receive a formal proposal, we will evaluate it, but we have nothing to date. We were contacted by Mr. Marth for the first time last night by email, […]

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