TECO Energy Responds to Market Rumors
July 16 2015 - 3:45PM
Business Wire
While it is the long-standing policy of TECO Energy, Inc. (NYSE:
TE) not to confirm or deny market rumors, in response to media
reports concerning a potential sale of the company, the company
confirmed that it is exploring strategic alternatives. TECO Energy
has retained Morgan Stanley & Co. LLC to advise the company in
connection with exploring such strategic alternatives.
Given the preliminary nature of this exploration, neither the
company nor any of its representatives will be providing any
additional comments at this time. No assurance can be given that
the company will determine to pursue a potential sale or enter into
any definitive sale agreement. The company does not intend to make
any further press release or announcement regarding these matters
unless and until it enters into a binding, definitive agreement
with respect to a sale.
TECO Energy Inc. (NYSE: TE) is an energy-related holding company
with regulated electric and gas utilities in Florida and New
Mexico. Tampa Electric serves more than 700,000 customers in West
Central Florida; Peoples Gas System serves more than 350,000
customers across Florida; and New Mexico Gas Co. serves more than
510,000 customers across New Mexico. Other TECO Energy subsidiaries
include TECO Coal, which owns and operates coal-production
facilities in Kentucky, Tennessee and Virginia.
Note: This press release contains forward-looking statements,
which are subject to the inherent uncertainties in predicting
future results and conditions. Actual results may differ materially
from those forecasted. The forward-looking statements are based on
the Company's current expectations and assumptions, and the Company
does not undertake to update that information or any other
information contained in this press release, except as may be
required by law. There can be no assurance that a definitive
agreement will be reached, or if reached, will be consummated.
Additional information is contained under "Risk Factors" in TECO
Energy, Inc.'s Annual Report on Form 10-K for the period ended Dec.
31, 2014.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150716006477/en/
TECO Energy, Inc.News Media: Sylvia Vega, 813-228-4381Investor
Relations: Mark Kane, 813-228-1772Internet: www.tecoenergy.com
Teco (NYSE:TE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Teco (NYSE:TE)
Historical Stock Chart
From Apr 2023 to Apr 2024