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                    [Title] => Marubeni-Tokyo Electric ups Mirant bid to $3B
                    [Summary] => 



The consortium of Marubeni Corp. and Tokyo Electric and Power Co. (TEPCO) has reportedly raised its offer price for the equity of Mirant Philippines Corp. to $3 billion from its previous bid of $2.85 billion.


Sources said this has prompted one of the most aggressive bidders of Mirant assets, One Energy Group, to reportedly drop its bid for the said assets.


                    [DatePublished] => 2006-12-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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MARUBENI AND ONE ENERGY

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                    [Title] => Marubeni-Tokyo Electric ups Mirant bid to $3B
                    [Summary] => 



The consortium of Marubeni Corp. and Tokyo Electric and Power Co. (TEPCO) has reportedly raised its offer price for the equity of Mirant Philippines Corp. to $3 billion from its previous bid of $2.85 billion.


Sources said this has prompted one of the most aggressive bidders of Mirant assets, One Energy Group, to reportedly drop its bid for the said assets.


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                    [ColumnID] => 133272
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Marubeni-Tokyo Electric ups Mirant bid to $3B

By Donnabelle L. Gatdula | December 11, 2006 - 12:00am

The consortium of Marubeni Corp. and Tokyo Electric and Power Co. (TEPCO) has reportedly raised its offer price for the equity of Mirant Philippines Corp. to $3 billion from its previous bid of $2.85 billion. Sources...

Business