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E•BOOM CAPITAL: Investors Give Thumbs Up to $2.85 billion PPL Financing

By Terry McDonald on April 13, 2011

Shares of Allentown, Pennsylvania-based power utility PPL Corporation (NYSE: PPL) are up 4.5% this week after the company announced Monday that it will issue common shares worth about $2.1 billion and equity units worth about $750 million to help finance the acquisition of an energy company in the U.K. The shares and units are expected to be issued April 15.

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