Analysts say the decision to sell GEM reflects the same effort. From the Merrill perspective, it s another very positive piece of news. Daniel L. Gordon, head of GEM, will have responsibility for all commodity risk management activities as president of Allegheny Energy Supply s trading division. The unit s 20 traders have agreed to stay, according to Merrill spokesman Dan Alfaro. The acquisition requires regulatory approval.
Closing is scheduled to take place during the first quarter.