Cleco, Macquarie Ask Louisiana to Reconsider $3.4 Billion Deal

  • Companies say state's rejection should be reheard and reversed
  • Louisiana found the deal wasn't in customers' best interests

Cleco Corp. and its Macquarie Group Ltd.-led group of would-be buyers have asked Louisiana’s utility commission to reconsider a $3.4 billion takeover plan that it rejected last month.

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