EDF Trading to acquire Eagle Energy from Lehman Brothers

The transaction, sparked by Lehman’s bankruptcy, is subject to regulatory and bankruptcy court approvals and no fee has yet been made public.

Eagle was formed in 2003 to take advantage of natural gas and power marketing opportunities that arose when the large energy merchants scaled back operations in the wake of Enron’s collapse. At the time of its acquisition by Lehman Brothers, it had 80 employees located in Atlanta, Calgary, Chicago, Fort Worth, Houston and Pittsburgh.

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