Suez/Electrabel Happy, forced union

Suez’s E11.2bn bid to buy out Electrabel minority shareholders appears to end a more than decade long saga. The French utility had said as recently as May that it was happy controlling 50.1% of the Belgian utility. But the prospect of Electrabel getting away from Suez finally forced the issue. The Belgian stock has risen 53% over the past year – if it continued to rise, Suez would have had a tough time financially justifying a buyout. The funny thing is that Suez is unlikely to regret its shotgu...