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CenterPoint Energy, Inc. (CNP)

- NYSE
  • 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.
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  • Jun. 20, 2014, 2:27 PM
    • The WSJ reports CenterPoint (CNP -0.8%) is mulling a bid for Louisiana utility Cleco.
    • Cleco (CNL +3.1%) has jumped on the report. It rallied yesterday following a report the company had hired Goldman to advise on a sale.
    • After factoring $1.3B in net debt, Cleco now has an enterprise value of $4.8B.
    | 2 Comments
  • Jun. 19, 2012, 8:27 AM
    CenterPoint 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.
    | 1 Comment
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Company Description
CenterPoint Energy Inc is an electric and natural gas utility serving several markets in the states of Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas.
Sector: Utilities
Country: United States