BREAKING NEWS

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

CenterPoint Buying Vecren Corp. for $6 Billion

by Realty News ReportApril 23, 2018
Share0

HOUSTON – (Realty News Report) – CenterPoint Energy, a Houston-based gas and electricity utility company, will acquire Vecren Corp. for $6 billion.

The deal will give CenterPoint reach into Midwest markets served by Vecren, a utility company based in Evansville, Ind.

Vecren shareholders will receive $72 per share.

The corporate headquarters will continue to be in Houston, where CenterPoint has 2.4 million customers. The combined company is expected to have electric and natural gas delivery operations in eight states with assets totaling $29 billion.

CenterPoint’s headquarters are located in the 1111 Louisiana Street building, a 53-story downtown tower that was formerly known as 1100 Milam. CenterPoint has 8,000 employees.

April 23, 2018 Realty News Report Copyright 2018
Share0
previous post
Giammalva Buys 84 Acres on Interstate 10 Near Energy Corridor
next post
Florida Firm Buys Éilan Hotel and Spa for $34.3 Million

Related posts

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 25, 2023

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact