Mergers & Acquisitions
M&A: Exelon and Pepco Closer to Consummating Their Union
By
Roger S. Conrad on
Feb. 26, 2016
The District of Columbia's Public Service Commission looks set to approve Exelon Corp's proposed takeover Pepco Holdings, if the acquirer agrees to additional terms. Investors can expect more deals to come in the utility sector--and long delays for regulatory approval.
TECO Energy Puts Itself Up for Sale: More Deals Coming?
By
Roger S. Conrad on
Jul. 27, 2015
Reports circulated earlier this month that Florida-based TECO Energy had put itself up for sale, prompting the utility to confirm that the firm had engaged Morgan Stanley to “explore strategic alternatives.” This news triggered a record single-day gain in TECO Energy’s shares and provides yet another sign of accelerating mergers and acquisitions activity.
Takeover Time in MLP Land
By
Roger S. Conrad on
Jan. 30, 2015
A number of trends suggest that the MLP space is poised for consolidation. Here's how to play it.
Kinder Morgan: All Together Now
By
Roger S. Conrad on
Aug. 14, 2014
Kinder Morgan Inc.'s plan to consolidate Kinder Morgan Energy Partners LP, Kinder Morgan Management LLC and El Paso Pipeline Partners LP enriched investors and punched short sellers in the gut.
Merger Madness Continues in Utility Sector
By
Roger S. Conrad on
Jun. 27, 2014
Wisconsin Energy's $8.93 billion acquisition of Itegrys Energy marks the latest mega-deal in the energy patch. We scrutinize the merger and explain why this won't be the last big transaction in the utility sector.
AT&T Goes Direct
By
Roger S. Conrad on
May. 20, 2014
AT&T’s (NYSE: T) $48.5 billion acquisition of DirecTV (NSDQ: DTV) is the second major telecom tie-up announced this year. Here's our take.
Exelon Corp Peps Up
By
Roger S. Conrad on
May. 3, 2014
Exelon Corp’s (NYSE: EXC) $6.9 billion all-cash takeover offer for Pepco Holdings (NYSE: POM) has gotten a mixed reception from investors, but the deal pushes the acquirer closer to resuming dividend growth.
Utility Investing: Slow and Steady Wins the Race
By
Roger S. Conrad on
Nov. 1, 2013
The $48 billion leveraged buyout of the former TXU Corp by KKR & Co. LP (NYSE: KKR) and other private-equity outfits set record in 2007. Now, the company's impending bankruptcy underscores the risks of looking for a quick buck in the utility sector.
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