Hit #82

The rumored KeySpan (KSE) deal came through today, with National Grid coughing up $7.3 billion in an all-cash deal!

The offer, of $42/share, is a 28.3% premium over my average cost of $32.73/share, including reinvested dividends.

I will be looking to recycle the cash into Teco Energy (TE) or CMS Energy (CMS) if they still remain attractive at the time I get cash for my shares.

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Previous hit - Raindance (#81)