Trading halt
Spanish stock market regulators, apparently believing the New York Public Service Commission would vote Wednesday on the Iberdrola-Energy East deal, suspended trading of Iberdrola shares in Madrid. Iberdrola's American Depositary Receipts rose 50 cents to $48.30 in New York trading. Energy East was up 52 cents to $27.
What's next
The Public Service Commission is now scheduled to consider the Iberdrola-Energy East deal at a special meeting at 10:30 a.m. on Wednesday at PSC offices in Albany.
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