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December 13, 2013
11:33 EDTITC, ETRITC, Entergy will not pursue spin/merger
Entergy (ETR) and ITC Holdings (ITC) announced that the companies have mutually agreed to end their pursuit of a spin/merger of Entergy's transmission business with ITC. The companies formally terminated the merger agreement this morning and filed pleadings to withdraw the remaining transaction approval applications with Entergy's retail regulators, as well as the Missouri Public Service Commission and the Federal Energy Regulatory Commission. The agreement called for Entergy to spin off its electric transmission business to a newly formed entity and merge it with a subsidiary of ITC. Entergy also affirmed its 5%-7% Utility net income compound average growth rate outlook through 2016, off 2013 base, driven by load growth, capital investment and cost-saving initiatives.
News For ITC;ETR From The Last 14 Days
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April 15, 2014
11:25 EDTITCITC Holdings announces $4.5B capital investment plan for 2014-2018
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11:20 EDTITCITC Holdings board authorizes $250M share repurchase program
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07:03 EDTETREntergy raises FY14 EPS to $5.55-$6.75 from $4.60-$5.40, consensus $5.33
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07:02 EDTETREntergy sees Q1 operational EPS $2.28, consensus $1.15
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April 10, 2014
10:28 EDTITCITC Holdings to host investor day
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