Analysts agreed that NiSource, Inc., rebuffed in its $5.7 billion cash takeout attempt of Columbia Energy Group, will try, try again, but opinion was divided on what strategy it will use to get what it so badly wants. And, this week, NiSource will announce its next move, which could be a tender offer, said a NiSource spokeswoman. “We have many options, and a hostile tender is one of them,” she said. The company may also present a higher bid to the board, she said. In any event, NiSource prefers to negotiate a friendly deal, she added.
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