Progress Energy selling assets

Electric utility Progress Energy said today it has agreed to sell two companies that own coal land and one that owns and operates river terminals for $94 million. Read more
Etowah

Mills River, NC

#1 Dec 24, 2007
What exactly does this mean from someone with the inside knowledge of such transactions?

“Be No Tarheelborn”

Since: Feb 07

Albermarle

#2 Dec 24, 2007
Etowah wrote:
What exactly does this mean from someone with the inside knowledge of such transactions?
What are you talking about?
Etowah

Mills River, NC

#3 Dec 24, 2007
Transplanted wrote:
<quoted text>
What are you talking about?
Obviously you're not the one.

“Be No Tarheelborn”

Since: Feb 07

Albermarle

#4 Dec 24, 2007
No where in the article does it infer that there was an insider view....

Where did you get this from?
The New Cruelty

United States

#5 Dec 24, 2007
Etowah wrote:
What exactly does this mean from someone with the inside knowledge of such transactions?
It's selling off non-core assets acquired when they merged with Florida Power.

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