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                    [Title] => Mirant urges 2 top bidders to improve on their offers
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US-based Mirant Corp. has reportedly started talks with two groups, one led by Marubeni Corp. and the other by One Energy, for the sale of its power generating assets in the Philippines, industry sources said.


Sources said only the two consortia met the lower-end price target of $2.8 billion for Mirant Philippines Inc.’s equity placed on the auction block last Nov. 23 in Singapore .


Marubeni teamed up with another Japanese firm, Tokyo Electric Power Co., while US firm One Energy has partnered with Japan’s Mitsubishi Corp. and China Light and Power Co.

                    [DatePublished] => 2006-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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ONE ENERGY

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                    [ArticleID] => 373572
                    [Title] => Mirant urges 2 top bidders to improve on their offers
                    [Summary] => 



US-based Mirant Corp. has reportedly started talks with two groups, one led by Marubeni Corp. and the other by One Energy, for the sale of its power generating assets in the Philippines, industry sources said.


Sources said only the two consortia met the lower-end price target of $2.8 billion for Mirant Philippines Inc.’s equity placed on the auction block last Nov. 23 in Singapore .


Marubeni teamed up with another Japanese firm, Tokyo Electric Power Co., while US firm One Energy has partnered with Japan’s Mitsubishi Corp. and China Light and Power Co.

                    [DatePublished] => 2006-12-06 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
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Mirant urges 2 top bidders to improve on their offers

By Donnabelle L. Gatdula | December 6, 2006 - 12:00am

US-based Mirant Corp. has reportedly started talks with two groups, one led by Marubeni Corp. and the other by One Energy, for the sale of its power generating assets in the Philippines, industry sources...

Business