Business Headlines: NStar Merger; Facebook IPO
BOSTON (CBS) - The proposed merger of NStar and Northeast Utilities in Massachusetts has been stuck for months now, but it could happen.
Regulators in Connecticut want to look it over as well, but analysts believe it will go through in the second quarter of this year.
Among other considerations, Connecticut's Public Utilities Regulatory Authority wants to see how the merger would affect the utility's ability to respond to a storm.
FACEBOOK IPO
Facebook is expected to file paperwork this week so it can sell stock to the public.
The social networking company is expected to raise as much as $10 billion in its initial public stock offering, which would value the company at $75 to $100 billion.
Some analysts predict shares could open at $38 to $40 apiece.
Facebook's IPO would place it among the top ranks of the largest public companies in the world, including McDonalds and Bank of America.
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Lisa van der Pool of the Boston Business Journal can be seen weekdays at 6 a.m. on WBZ-TV.
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