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Stock Market & Financial Investment News

News Breaks
December 4, 2012
16:37 EDTCNLCleco issues long-term CapEx view
The preliminary capital spending plan for 2013 is $241M, and 2013 through 2017 consists of about $734M, including approximately $597M of maintenance capital for Cleco Power and Cleco Midstream. An estimated $137M will be used to meet the environmental requirements of the Mercury and Air Toxics Rule and other environmental improvements and complete an advanced metering upgrade project.
News For CNL 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.

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