DPL Inc. to Explore Strategic Alternatives.Business Editors REPEATING...To capitalize "DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. " in headline DAYTON, Ohio--(BUSINESS WIRE)--Dec. 29, 2000 DPL Inc. (NYSE NYSE See: New York Stock Exchange :DPL) said today that it has retained the investment banking firm of Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated to explore a range of strategic options to maximize shareholder value, including the possible sale of all or part of the Company. Peter H. Forster, DPL Chairman, said, "DPL has had a consistent record of delivering exceptional value to its stakeholders. In keeping with this history and given this unique time in the development of the emerging deregulated merchant energy markets, we believe we should examine all possibilities." The Company said there is no assurance that any transaction will be completed. The Company also stated that it would have no further public comment on this subject until Morgan Stanley completes its assignment. DPL Inc. is a diversified regional merchant energy company. DPL's principal subsidiaries include DPL Energy and The Dayton Power and Light Company (DP&L). DPL Energy operates 3,500 megawatts of generation capacity and markets wholesale energy throughout the eastern half of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . DP&L provides electric services to 500,000 retail customers in West Central Ohio. DPL Inc., through its subsidiaries, has ranked among the top ten energy companies in generation efficiency and productivity for the last ten years. This press release may contain certain forward-looking statements regarding plans and expectations for the future. Investors are cautioned that actual outcomes may vary materially from those projected due to various factors beyond DPL's control. Such matters are described in the Company's 1999 Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. for the quarter ending September 30, 2000. |
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