AEP, Central and South West Agree to Wait to Merge

January 09, 2000 by Jeff Shepard

American Electric Power (AEP, Columbus, OH) and Central and South West Corp. (CSW, Dallas) recently announced they have mutually agreed to amend the agreement for the pending merger of the two companies to extend its term. According to the companies, this will allow additional time to satisfy the closing conditions contained in the agreement.The amendment to the merger agreement requires that AEP and CSW gain final approvals before June 30, 2000, while the original merger agreement listed a December 31, 1999 deadline.