ITC Holdings (ITC) Falls on Fortis Deal in Wisconsin

ITC Holdings Corp.

shares subsided 0.5% to $46.37, on word that the Public Service Commission of Wisconsin has voted to approve their application authorizing Fortis Inc. to proceed with its acquisition of ITC, subject to conditions consistent with those proposed in the application, to be confirmed in an official Commission Order to follow. Share volume was 227,000, compared to an all-day average of 853,000