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Strategies & Market Trends : Speculating in Takeover Targets

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From: E_K_S	2/24/2020 9:27:41 AM
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CenterPoint Energy to sell nat gas retail business in ~$400M deal Feb. 24, 2020 8:17 AM ET\|About: CenterPoint Energy, Inc. (CNP)\|By: Carl Surran, SA News Editor CenterPoint Energy (NYSE: CNP) agrees to sell its natural gas retail business to P-E firm Energy Capital Partners for ~$400M. As part of the deal, CenterPoint Energy Services will enter into a structured long-term preferred supply agreement where Royal Dutch Shell's (NYSE: RDS.A) North American unit will provide gas supply and collateral support, as well as receive equity warrants. CenterPoint Energy says it will use net proceeds of the sale to help pay down debt.

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