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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:19 EDTEXC, CEPConstellation 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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November 19, 2014
17:20 EDTEXCConstellation NewEnergy awarded $167.91M government contract
Constellation NewEnergy, an Exelon company, has been awarded a maximum $167.91M firm-fixed-price contract for electricity and ancillary services. This contract was a competitive acquisition, and six offers were received. This is a two-year base contract. Location of performance is Maryland with a Jan. 31, 2017 performance completion date.
November 13, 2014
05:54 EDTEXCStocks with implied volatility movement; EXC BTU
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