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National Grid in KeySpan Talks

Stock quotes in this article: KSE , NGG , ED  

Updated from 8:30 a.m.

The U.K.'s National Grid(NGG Quote) appears to be the leading bidder to acquire KeySpan(KSE Quote), the New York-based gas and electricity distributor.

In a statement Friday, National Grid confirmed it was holding discussions with KeySpan about an all-cash offer but added that the talks won't necessarily lead to a deal. ...

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