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RWE: Commitments Made To EU In Essent Deal Are On German Market

FRANKFURT -(Dow Jones)- German utility RWE AG (RWE.XE) Thursday said it has offered commitments to the European Commission regarding the planned acquisition of Dutch competitor Essent NV, saying the proposed remedies are related to competition issues on the German electricity market. "We've made proposals regarding the German [energy] market," a spokeswoman for RWE said. She added that RWE wasn't surprised that the European Union's top antitrust authority extended the probe of the planned Essent takeover by 10 days earlier Thursday. "We've always considered the original deadline as rather optimistic and instead expected a decision toward the end of June," the spokeswoman said. The commission earlier Thursday extended its antitrust probe into RWE's plan to acquire Essent for EUR9.3 billion, including EUR1.1 billion in debt, due to certain commitments offered by RWE. Company Web site: www.rwe.com -By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503; jan.hromadko@dowjones.com

Stock News for Essex Property (ESS)
DateTimeHeadline
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
08/01/201309:07:56U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
08/08/201213:40:07Another Busy Day for U.S. Corporate Bond Issuance
08/08/201213:27:09Baxter Leads Another Busy Day for U.S. Corporate Bond Issuance
11/03/201018:25:11Essex Property 3Q Profit Plunges; CEO To Step Down
09/30/200909:29:57RWE Closes Essent Takeover, Total Transaction Volume EUR7.3 Billion
09/03/200906:59:05Essent:RWE To Buy Plant Stock In '10 At Earliest If Court Approves
09/03/200903:28:01RWE: Essent Takeover Price Cut By EUR950 Million On Plant Carve...
08/13/200905:51:07RWE: Essent Deal Advance Financing Costs In 1st Half Around EUR50...
08/06/200906:15:18Essent 1st Half Net Profit EUR2.6 Billion, RWE Deal To Be Completed...
06/23/200912:45:22EU Clears Germany's RWE To Buy Dutch Essent, With Conditions
06/04/200906:30:34RWE: Commitments Made To EU In Essent Deal Are On German Market
06/04/200905:55:05EU Extends RWE/Essent Energy Deal Antitrust Probe By 10 Days
05/27/200907:41:09RWE: Dutch Province N Brabant Officially Approved Essent Bid
05/26/200911:28:21Dutch Government OKs Essent Unbundling Plan; Key For RWE Takeover
05/15/200912:44:07Dutch Province Parliament Supports RWE-Essent Deal
05/14/200905:28:04RWE CFO: German Gas Grid Sale To Be Prepared By End-2009
05/12/200912:30:07RWE To Invest Over EUR3 Billion In Netherlands In 2009-2013
05/07/200910:41:00EARNINGS PREVIEW: European Utilities Eye Asset Sales; Debt
04/27/200907:32:14Essent: Takeover By RWE Is The "Only Right Option"

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