Hawaiian Electric hostile buyout group adds heft to board of directors

摘要

Hawaiian Electric Industries Inc. is not the most obvious buyoutncandidate among midcap utility stocks. Hampered by a disappoint-ning rate case at utility Hawaiian Electric Co. Inc. that only recentlynreached a settlement, the $2.3 billion island holding company is justnstarting to build back investor confidence after a slump that put itnamong the top 10 worst-performing stocks in the second quarter.