Consolidated Edison Inc
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Utilities : Multi-Utilities | Large Cap ValueCompany profile

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.

Closing Price
$79.01
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
79.24
Day's Low
78.18
Volume
(Average)
Volume:
1,852,638

10-day average volume:
1,910,983
1,852,638

Amazon to Acquire eero to Help Customers Better Connect Smart Home Devices

4:50 pm ET February 11, 2019 (BusinessWire) Print

Amazon (NASDAQ:AMZN) and eero today announced that they have entered into a definitive merger agreement under which Amazon will acquire eero. eero's home mesh WiFi systems set up in minutes and blanket every room of a customer's home in high-performing, reliable WiFi. eero is already delighting Amazon customers with its products and services, as indicated by eero's 4.6-star product rating on Amazon.com.

"We are incredibly impressed with the eero team and how quickly they invented a WiFi solution that makes connected devices just work," said Dave Limp, SVP of Amazon Devices and Services. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers."

"From the beginning, eero's mission has been to make the technology in homes just work," said Nick Weaver, Co-Founder and CEO of eero. "We started with WiFi because it's the foundation of the modern home. Every customer deserves reliable and secure WiFi in every room. By joining the Amazon family, we're excited to learn from and work closely with a team that is defining the future of the home, accelerate our mission, and bring eero systems to more customers around the globe."

eero uses multiple access points that work together as a system to blanket a home in high-performing, reliable, and simple home WiFi. Customers can customize an eero system to meet the needs of their home--regardless of shape or size--eliminating dead zones, ensuring perfect streaming video in every room, and delivering the bandwidth all connected devices need.

With the easy-to-use eero app, customers can set up the system in under 10 minutes, share their network, program parental controls, and run speed tests on demand. Additionally, eero communicates with the cloud to receive instructions and updates. This means eero systems are self-updating, self-fixing, and self-improving all the time.

Completion of this transaction is subject to customary closing conditions.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

About eero

The first mesh home WiFi system, eero blankets any home in reliable and secure WiFi. eero's digital security service, eero Plus, protects connected devices, privacy, and family. eero is simple to set up, even easier to manage, and improves over time with regular, automatic software updates. Founded in San Francisco in 2014 by Amos Schallich, Nate Hardison, and Nick Weaver, eero's goal is to make WiFi so good that you'll never think about WiFi again.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20190211005750r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20190211005750/en/

SOURCE: Amazon.com, Inc.">

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