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Stock Market & Financial Investment News

News Breaks
June 20, 2014
14:05 EDTCNL, CNPCenterPoint Energy exploring bid for Cleco, DJ says
CenterPoint Energy (CNP) is exploring a bid for Cleco (CNL), according to Dow Jones, citing sources. Note that The Street previously reported, citing sources, that Cleco retained Goldman Sachs (GS) to advise on a sale after receiving buyer interest.
News For CNL;CNP From The Last 14 Days
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February 27, 2015
16:41 EDTCNLCleco reports Q4 adjusted EPS 60c, consensus 48c
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16:39 EDTCNLCleco sees FY15 EPS $2.28-$2.38, consensus $2.51
16:38 EDTCNLCleco reports Q4 GAAP EPS 35c, consensus 48c
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February 26, 2015
12:07 EDTCNLCleco holders overwhelmingly support merger with N. American-led investor group
Cleco announced its shareholders approved the adoption of the previously announced merger agreement pursuant to which Cleco will be acquired by a North American investor group led by Macquarie Infrastructure and Real Assets and by British Columbia Investment Corporation. During a special meeting of shareholders, investors voted on merger- related proposals, which included the merger transaction and a non-binding advisory vote on merger compensation. The merger proposal passed with a vote of more than 94% of votes cast, which is equal to approximately 77% of all shares outstanding. The advisory merger compensation proposal passed with a vote of more than 82% of votes cast. The transaction is expected to close in the second half of the year.
08:18 EDTCNPCenterPoint Energy sees FY15 EPS $1.00-$1.10, consensus $1.17
Sees 2015 Utility Operations earnings 71c-75c. Sees 2015 Midstream Investments earnings 29c-35c.
08:17 EDTCNPCenterPoint Energy reports Q4 EPS 41c, consensus 26c
Q4 EPS included a tax benefit of 7c per diluted share. Reports Q4 revenue $2.37B, consensus $1.60B
February 23, 2015
08:33 EDTCNPCenterPoint Energy to build electric transmission facilities for LNG project
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