CLECO Could be Sold or Aquired

clecosignIt appears that CLECO is about to be sold or acquired. Though there’s no official word from the Pineville-based utility, the word out of Wall Street is Goldman Sachs has been retained to advise on a sale.

The utility has an enterprise value of almost four and a half billion dollars, and experts say the deal could easily climb to five billion.

KLAX ABC 31 News 6/19/14

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