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Company Statement: Entergy to divest and merge electric transmission business into ITC Holdings, creating industry-leading electric transmission company

( December 5, 2011, 21:53 GMT | Official Statement) -- MLex Summary: Power company Entergy has announced it will sell its electric transmission business to ITC Holdings, the largest U.S. independent electricity transmission firm, for $1.78 billion. Before the deal can be completed, it must receive approval from the Federal Energy Regulatory Commission and regulators in four states.Statement appears in full below as follows:...

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