MTP/NOR: Northwestern Buying Unit of Montana Power

And merger mania in the power sector continues. Northwestern ( NOR) announced plans to buy Montana Power's ( MTP) energy distribution unit. Northwestern will pay about $1.1 billion for the unit. The acquisition includes $488 million of existing Montana Power debt.

More from Investing

Sarepta Shares Keep Climbing and PTC Therapeutics Bounces Back

Sarepta Shares Keep Climbing and PTC Therapeutics Bounces Back

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

How to Make a Fortune Like Microsoft Billionaire Founder Bill Gates

How to Make a Fortune Like Microsoft Billionaire Founder Bill Gates

SEC Says Bitcoin and Ether Are Not Securities -- but Prices Stay Bearish?

SEC Says Bitcoin and Ether Are Not Securities -- but Prices Stay Bearish?