Cleco Corporation (NYSE:CNL) Pursuing $5 Billion Acquisition Offer

Boston, MA 06/20/2014 (wallstreetpr) – Cleco Corporation (NYSE:CNL), a utility company based in Pineville, is pursuing a sale opportunity that could see it taken over for $5 billion. The company declined to comment on the matter, but sources say it is in for a deal with a Canadian company. The company has reportedly retained Goldman Sachs […]

In Pollution Control, Cleco Corporation (NYSE:CNL) Seeks To Recover Equipment Cost From Customer

Boston, MA 04/30/2014 (wallstreetpr) – Cleco Corporation (NYSE:CNL) seeks to recover about $110 million from its customers in relation to pollution equipment upgrades. The company wants to collect the money from its customers across Louisiana. In efforts to reduce pollution at several of its coal-fired power facilities in Louisiana, Cleco Corporation (NYSE:CNL) decided to install pollution […]

Why More Dividend Hikes Are Possible At Cleco Corporation (NYSE:CNL)

Boston, MA 04/28/2014 (wallstreetpr) – Cleco Corporation (NYSE:CNL) is a $3 billion utility holding company. The board of directors of the company declared quality dividend increase of 10.3 percent over the previous dividend rate. Therefore, the company will observe dividend payment of $0.40 percent, up from $0.36 that was previously being paid. The latest dividend hike […]