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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:33 EDTCNLCleco downgraded to Hold from Buy at KeyBanc
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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