Seeking Alpha

Atlantic Power +9.5% on report of exploring possible sale

  • Atlantic Power (AT) spiked to a 9.5% gain this afternoon after SparkSpread reported the power producer has hired advisers to explore a potential merger or sale.
  • Atlantic Power reportedly tapped Goldman Sachs and Greenhill to help it consider whether a sale or merger makes sense and can be negotiated.
Comments (6)
  • Pennydredful
    , contributor
    Comments (24) | Send Message
     
    so why no release from the company ?
    2 May 2014, 05:32 PM Reply Like
  • Boopsie01
    , contributor
    Comments (16) | Send Message
     
    I haven't heard of SparkSpread up to now, nor whether they have a shred of cred. I'm with Pdred, when I hear it from the company, I'll believe it. Meanwhile , I will watch AT slowly claw back from the abyss.
    2 May 2014, 08:54 PM Reply Like
  • FinFreedom
    , contributor
    Comments (21) | Send Message
     
    Wow 53% up from the low 2.11 in 3 months, with negative EPS! I guess the rumor is not recent.
    2 May 2014, 09:07 PM Reply Like
  • User 12324411
    , contributor
    Comment (1) | Send Message
     
    Sparkspread is an industry news aggregator popular with engineers and operators in the power generation industry. Unfortunately it is subscription based.

     

    I happened to hear from a disgruntled former AP employee 1 week ago that a sale was looming but she would not divulge her source.
    3 May 2014, 06:07 AM Reply Like
  • PD329
    , contributor
    Comments (188) | Send Message
     
    "Disgruntled former employee" -- now that's information you can take to the bank! :-)
    3 May 2014, 02:35 PM Reply Like
  • videocrt
    , contributor
    Comments (2) | Send Message
     
    Sparkspread does offer a free trial period if you care to register abd read the article.
    3 May 2014, 10:54 AM Reply Like
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