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Stock Market & Financial Investment News

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December 17, 2012
06:14 EDTEIXEdison Mission Energy agrees to facilitate equity turnover, debt reduction
Edison Mission Energy announced that it has reached an agreement with the holders of a majority of EME's $3.7B of outstanding public indebtedness and its parent company, Edison International, that, pursuant to a plan of reorganization and pending court approval, would transition Edison International's equity interest to EME's creditors, retire existing public debt and enhance EME's access to liquidity. As EME implements its financial restructuring, which will ultimately result in a substantial de-leveraging of the company's balance sheet, its operations are expected to continue in the normal course without interruption.
News For EIX From The Last 14 Days
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July 25, 2014
10:02 EDTEIXOn The Fly: Analyst Upgrade Summary
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07:23 EDTEIXEdison International upgraded to Buy from Hold at Argus
Argus upgraded Edison International to Buy based on valuation, strong cash flow, the retirement of the San Onofre nuclear plan and is positive that the loss-ridden Edison Mission Energy business is not longer part of the portfolio. Price target is $65.

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