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What is going on with CLECO?
Posted on 5/1/16 at 6:11 pm
Posted on 5/1/16 at 6:11 pm
I know that they were recently purchased and hear that stockholders have been receiving checks for the value of the stock that they currently hold. Is the company going private and involuntarily buying out shareholders or what? If so, I can't say I have ever heard of such a thing.
2
Posted on 5/1/16 at 6:58 pm to Spankum
Hostile takeover?
Posted on 5/1/16 at 7:32 pm to Spankum
Shareholders voted for a sale in 2014 or 2015 IIRC.
PSC approved the buyout last month.
PSC approved the buyout last month.
Posted on 5/1/16 at 7:44 pm to Golfer
quote:
Shareholders voted for a sale in 2014 or 2015 IIRC.
PSC approved the buyout last month.
yes, I just read that....I guess I have just never heard of a company selling and then all shareholders' stocks being bought out. I am wondering if a stockholder can keep their stocks if they would rather.
Posted on 5/2/16 at 9:19 am to Spankum
When a company is bought for cash, there is no stock to keep.
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