Ladenburg Thalmann Upgrades Cleco (CNL) to Neutral
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March 29, 2016 7:20 AM EDT
Today, the Louisiana Public Service Commission (LPSC) voted to approve the sale of Cleco Corporation (NYSE: CNL), the parent of regulated electric utility Cleco Power LLC, to a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group). With the final approval obtained, the transaction is expected to close in April.
"We are pleased with the outcome of the vote and thank the LPSC and Staff for their hard... More
March 28, 2016 5:16 PM EDT
Louisiana's Public Service Commission to rehear a previously rejected takeover of Cleco Corp. (NYSE: CNL) by MIRA -led investors, according to Bloomberg.
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