Sep. 8, 2014, 6:05 PM
- Cleco (NYSE:CNL) is nearing a deal to sell itself and has narrowed down the list of prospective buyers to Spanish power company Iberdrola (OTCPK:IBDRY, OTCPK:IBDSF) and Australian investment bank Macquarie (OTC:MCQEF), FT reports.
- Both bidders reportedly have discussed terms with CNL and a deal could be announced within weeks; a deal likely would fetch a premium to its market value, which now stands at $3.4B.
- The Louisiana electricity supplier has been the subject of takeover rumors since June, when it said it was exploring strategic options after receiving attention from Canada's Borealis (OTCPK:BOREF), which is no longer interested; CenterPoint Energy (NYSE:CNP) also is no longer involved in discussions.
Jun. 20, 2014, 2:27 PM| Jun. 20, 2014, 2:27 PM | 2 Comments
Jun. 19, 2012, 8:27 AMCenterPoint Energy (CNP) agrees to acquire gathering and processing assets from Martin Midstream Partners (MMLP), including a 50% interest in Waskom Gas Processing, for ~$275M, and enters a 15-year agreement with Encana (ECA) to gather and treat natural gas from two East Texas fields. | Jun. 19, 2012, 8:27 AM | 1 Comment
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