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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:55 EDTETE, LG, ETPMoody's changes Laclede Gas's rating outlook to Negative
Moody's Investors Service changed the Laclede Gas Company and its parent Laclede Group's rating outlook to negative from stable. These rating actions follow the announcement that LG will acquire Missouri Gas Energy and New England Gas, two gas distribution assets from Energy Transfer (ETE, ETP), for $1.015B in cash plus the assumption of $20M of debt. Subject to customary approvals, including those of the Missouri Public Service Commission and the Massachusetts Department of Public Utilities, LG expects to close the transaction by September 30, 2013. Moody's expects to resolve the negative outlook late in 2013, when the requisite approvals appear certain and LG's permanent financing plan is set.
News For LG;ETE;ETP From The Last 14 Days
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December 17, 2014
06:32 EDTLGLaclede initiated with an Outperform at Credit Suisse
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