Merrill Lynch tipped to bid for EKT

In an equity research note Prudential financial analyst David Trone said the investment bank is the most likely candidate to purchase the trading operation, which he has valued at around $1 billion. Merrill Lynch spokesman Michael Duvally said it was not policy to comment on market speculation.

EKT, with around 700 employees, is one of the largest energy trading companies in the US and Europe. It trades power, natural gas, US air pollution credits and weather derivatives. And unlike many of

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: