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Stock Market & Financial Investment News

News Breaks
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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December 12, 2014
07:21 EDTEIXEdison International price target raised to $72 from $62 at BofA/Merrill
BofA/Merrill raised Edison International's price target to $72 following the better-than-expected dividend raise. Shares are Buy rated and on the US 1 List.
December 11, 2014
16:13 EDTEIXEdison International raises common stock dividend 17.6% to 41.75c
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