Cleco Corporation Announces Sale of 1.75 Million Shares of Common Stock.Business Editors PINEVILLE, La.--(BUSINESS WIRE)--May 3, 2002 Cleco Corporation (NYSE NYSE See: New York Stock Exchange , PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :CNL CNL CityNightLine (German Rail) CNL Cancel CNL Clinical Nurse Leader Cnl Colonel CNL Center for Naval Leadership CNL Compensated Neutron Log (oil industry) ), today announced that it is offering 1.75 million shares of common stock at $23.00 per share, to be sold under the Company's $150 million effective shelf registration statement ("shelf registration"). The Company has also granted Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , the sole underwriter of this offering, an over-allotment option to purchase up to an additional 250,000 shares of its common stock. The offering is expected to close on or about May 8, 2002. Cleco is a regional energy services company headquartered in Pineville, La. It operates a nonregulated midstream energy business that has approximately 1,700 megawatts of generating capacity either in operation or under construction. Cleco also operates a regulated electric utility company that serves more than 250,000 customers across Louisiana. Any offering shall be made only by means of a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. . This news release does not constitute an offer to sell or a solicitation of an offer to buy any security, nor will there be any sale of any such security in any state in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state. When available, a final prospectus can be obtained from Credit Suisse First Boston Corporation at 11 Madison Avenue, New York, NY 10010. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion