New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:31 EDTCNLCleco hires Goldman to explore sale, The Street reports
After receiving buyer interest, Cleco (CNL) has retained Goldman Sachs (GS) to advise on a sale, The Street reports, citing two sources familiar with the matter. Cleco received an unsolicited bid from Canadian infrastructure group Borealis Infrastructure, The Street says. Reference Link
News For CNL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

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