New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
08:10 EDTEXCExelon to extend termination date of merger pact with Pepco to October 29
Subscribe for More Information
08:06 EDTEXCExelon narrows FY15 EPS view to $2.35-$2.55, consensus $2.45
Subscribe for More Information
08:06 EDTEXCExelon reports Q2 adjusted EPS 59c, consensus 54c
Subscribe for More Information
July 23, 2015
14:33 EDTEXCPepco continues to expect to complete merger with Exelon in Q3
Subscribe for More Information
14:32 EDTEXCPepco says request filed for stay of MPSC order related to merger
In a regulatory filing, Pepco Holdings (POM) disclosed that on July 21, the Maryland Office of People’s Counsel filed a Motion in the Circuit Court for Queen Anne’s County, Maryland, requesting a stay of the MPSC Order and to conduct additional discovery and present additional evidence in light of an alleged conflict of interest on the part of a former MPSC Commissioner. "Pepco Holdings believes the motion is without merit and intends to vigorously oppose it and any other attempts to impede the effectiveness of the MPSC Order or delay the closing of the merger," the company said. As previously disclosed, on April 29, 2014, Pepco Holdings entered into an agreement and plan of merger with Exelon (EXC).

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use