Vectren Corp (VVC.N)
18 May 2018
* CENTERPOINT ENERGY REPORTS FIRST QUARTER 2018 EARNINGS OF $0.38 PER DILUTED SHARE; $0.55 PER DILUTED SHARE ON A GUIDANCE BASIS
* VECTREN CORP INCREASES QUARTERLY DIVIDEND BY 7.1 PERCENT TO $0.45PER SHARE
* ORATION REPORTS IMPROVED FIRST QUARTER 2018 RESULTS; AFFIRMS 2018 GUIDANCE
U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion (4.3 billion pounds), the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.
U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.
* CenterPoint down 2.8 pct, Vectren up 7.3 pct (Adds Breakingviews link, updates share prices)
April 23 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
BRIEF-CenterPoint Energy Says Upon Termination Of Deal, Co To Pay Termination Fee Of $210 Mln To Vectren
* CENTERPOINT ENERGY SAYS UPON TERMINATION OF DEAL UNDER CERTAIN CONDITIONS, CO WOULD BE REQUIRED TO PAY TERMINATION FEE OF $210 MILLION TO VECTREN
* CENTERPOINT ENERGY INC - TRANSACTION ANTICIPATED TO BE FUNDED BY COMBINATION OF EQUITY AND DEBT
April 23 U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp in a deal valued at about $6 billion.
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