Nomura Quits Battle For Uk Energy Group

Nomura International Plc withdrew from the battle for Britains Energy Group Plc on Tuesday, leaving Texas Utilities Co. as the only remaining threat to PacifiCorps bid. Texas Utilities and Nomura emerged last month as potential rival bidders, but PacifiCorps offer last week to purchase the British electricity and coal company for $6.6 billion proved too rich for the unit of Japans Nomura Securities Co. Ltd.