Editing Enron (section)

====Merger====
With its conservative success, InterNorth became a target of corporate takeovers, the most prominent originating with [[Irwin L. Jacobs|Irwin Jacobs.]]<ref name=":0">{{Cite book|title=A Financial History of Modern U.S. Corporate Scandals from Enron to Reform|last=Markham|first=Jerry W.|publisher=Routledge|year=2006|isbn=0765615835|via=Credo Reference}}</ref> InterNorth CEO Sam Segnar sought a friendly merger with HNG. In May 1985, Internorth acquired HNG for $2.3 billion, 40% higher than the current market price, and on July 16, 1985, the two entities voted to merge.<ref name=":1">{{Cite web|url=http://www.sjsu.edu/faculty/watkins/enron.htm|title=The Rise and Fall of Enron|last=Watkins|first=Thayer|website=San Jose State University|access-date=July 13, 2016|archive-date=August 5, 2020|archive-url=https://web.archive.org/web/20200805181220/https://www.sjsu.edu/faculty/watkins/enron.htm|url-status=dead}}</ref> The combined assets of the two companies created the second largest gas pipeline system in the US at that time.<ref name=":2">{{Cite web|url=https://tshaonline.org/handbook/online/articles/doe08|title=Enron Corporation|last=Frontain|first=Michael|date=June 12, 2010|website=Texas State Historical Association|access-date=July 13, 2016}}</ref> Internorth's north–south pipelines that served Iowa and Minnesota complemented HNG's Florida and California east-west pipelines well.<ref name=":1" />