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Iberdrola Agrees to Buy UIL for $3 Billion to Expand US Renewable Business

Iberdrola SA, Spain’s largest electricity company, agreed to buy UIL Holdings Corp. in a deal valued at about $3 billion in cash and shares to create a U.S. utility with about 3.1 million customers.

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Iberdrola Agrees to Buy UIL for $3 Billion to Expand US Renewable Business

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