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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:19 EDTCEP, EXCConstellation Energy settles lawsuit with Constellation Energy Partners Holding
Constellation Energy Partners (CEP) announced that it has settled the lawsuit brought by Constellation Energy Partners Holdings, CEPH, a subsidiary of Exelon Corporation (EXC), against CEP in the Court of Chancery of the State of Delaware. In conjunction with the settlement, CEP has paid CEPH $1.65M in exchange for all of the Class C member interests, also referred to as the “management incentive interests,” and Class D interests held by CEPH. Together these account for all of the Class C and Class D interests issued by CEP. Effective with the acquisition from CEPH, CEP cancelled the Class C and Class D interests. As a result of the settlement, the settling parties agree to file a stipulation in the Court of Chancery of the State of Delaware seeking dismissal of the Exelon Litigation with prejudice. The settlement agreement includes mutual releases among the settling parties.
News For CEP;EXC From The Last 14 Days
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July 30, 2014
08:04 EDTEXCExelon acquires Integrys Energy unit for $60M
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July 29, 2014
08:16 EDTEXCExelon to provide equity financing for 21MW of Bloom Energy fuel cell projects
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07:27 EDTEXCUtilities coping with new environment as electricity sales sputter, WSJ says
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July 24, 2014
10:03 EDTEXCOn The Fly: Analyst Downgrade Summary
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08:29 EDTEXCExelon downgraded to Neutral from Buy at ISI Group
ISI Group downgraded Execlon to Neutral and cut its price target to $33 from $40. The analyst downgraded shares due to reasonable valuation and lack of visibility into the short-medium term power market.
July 21, 2014
11:04 EDTEXCExelon upgraded to Outperform from Neutral at Macquarie (pre-open)
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July 16, 2014
09:21 EDTEXCComEd announces partnership with AMSC
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