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(Reuters) - PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people briefed on the matter. . ....
The company, at the center of a meme stock frenzy, said that the meet scheduled for 10 a.m. CT (1500 GMT) was adjourned due to technical problems with the third-party hosting site and will be hosted on June 17. Up to Thursday's close, GameStop's volatile shares have jumped about 66% this year, following the re-emergence of the stock influencer Keith Gill, who uses the moniker Roaring Kitty. Gill updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week. ....
PE firm Carlyle has hired advisers to explore a sale of Cogentrix that could value the North Carolina-based power producer at as much as $3 billion to $4 billion, the Financial Times reported on. ....
Carlyle is also selling other power assets owned by its infrastructure business in separate processes, according to the report on Friday. Interest in utility firms are on the rise as technological innovations, such as artificial intelligence and data centers, boost power demand. Investment bank Lazard and law firm Latham & Watkins have been hired to advise on the sale, the FT reported. ....
Carlyle Explores Sale of Electric Power Producer Cogentrix, FT Reports usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.