NEW GLOUCESTER, Maine, Oct. 1, 2012 /PRNewswire/ -- CMP Group, Inc. ("CMP Group"), the owner of all of the outstanding common stock of Central Maine Power Company ("CMP" or the "Company") and a wholly-owned subsidiary of Iberdrola USA, Inc. ("Iberdrola USA"), has initiated a tender offer for all of the 6% preferred stock of CMP. The offer expires at 5 p.m. on November 15, 2012.
6% Preferred Stock
Holders of record as of September 25, 2012 (the "Record Date") that validly tender prior to the Expiration Date will receive $110.00 (One Hundred Ten Dollars) per share plus an amount equal to any accrued but unpaid dividends, up to but not including the settlement date.
The offering document containing the terms and conditions of the tender offer is available upon request from Iberdrola USA Management Corporation at (855) 265-3212 or from outside the U.S. 1-207-688-6135.
About CMP Group: CMP Group, Inc. ("CMP Group") is a wholly-owned subsidiary of Iberdrola USA, Inc. ("Iberdrola USA"), and the owner of all of the outstanding common stock of Central Maine Power Company ("CMP" )
About Iberdrola USA: Iberdrola USA, a subsidiary of global energy leader Iberdrola, S.A., is an energy services and delivery company serving about 2.7 million customers throughout upstate New York and New England. For more information about Iberdrola USA, visit www.iberdrolausa.com.
SOURCE CMP Group, Inc.