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OGE Energy Corporation stock price

OGE Energy Corporation latest news:


  • 01/16/2018 12:23:28

    BRIEF-OGE Energy Says Asked Commission To Review Request To Recover Investment In Mustang Energy Center

    Oge Energy Corp(OGE): * Oge Energy Corp(OGE) - UNIT ASKED OKLAHOMA CORPORATION COMMISSION TO REVIEW CO'S REQUEST TO RECOVER ABOUT $390 MILLION INVESTMENT IN MUSTANG ENERGY CENTER Source text for Eikon: Further company coverage:

  • 12/18/2017 14:42:57

    McDermott, CB&I to merge in deal valued at $6 billion

    McDermott International Inc. and Chicago Bridge & Iron Co. NV , which provide infrastructure and other products for the oil and gas industries, announced Monday afternoon that they plan to merge in an all-stock transaction. The companies estimated the enterprise value of the transaction at $6 billion, with McDermott investors owning about 53% of the combined company and CB&I the other 47%, and expect annualized cost savings of about $250 million by 2019. McDermott Chief Executive David Dickson will remain in charge, and the company will retain McDermott's headquarters in Houston, Texas. "Together, we will have a broadened reach across the entire energy industry that addresses evolving customer needs, along with a much stronger and more flexible financial profile than CB&I would independently," said CB&I CEO Patrick Mullen, who will remain with the company through a transition period. The board will include five directors from each company, along with Dickson. When the transaction is complete, CB&I shareholders will receive 2.47221 shares of McDermott for each CB&I share they own, unless McDermott completes a planned 3-to-1 reverse stock split ahead of the closing, which would reduce that number to 0.82407 shares. The companies' stocks bounced around in late trading after the announcement, initially adding more than 1% apiece but then falling back, with McDermott suffering a 0.5% decline and CB&I gaining 0.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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