In connection with the transaction, PowerSecure intends to file relevant materials with the SEC, including a proxy statement in preliminary and definitive form. On Wednesday, Southern Company announced plans to acquire PowerSecure for $431 million, or $18.75 a share -- a hefty premium over the publicly traded company’s recent share price. As Southern Company and PowerSecure prepare for tomorrow, the combination of one of America’s leading energy companies with a successful, customer-focused provider of differentiated energy solutions and innovative energy infrastructure is designed to expand Southern Company’s opportunities to provide customized energy products to customers. Southern Company - PowerSecure International Southern Company acquires PowerSecure International Announced: February 24, 2016 Closed: May 09, 2016 Type: Acquisition Disposition: Subsidiary Terms: Cash & Stock Status: Complete Amount: $ 431,000,000 In 2016, Southern Company acquired PowerSecure, a distributed energy infrastructure technologies company, and AGL Resources (which was renamed Southern Company Gas). Southern Company to Acquire PowerSecure International, Inc. - Southern Company, an American electric utility holding company, and PowerSecure International, Inc., provider of utility and energy technologies made a definitive merger agreement delivering cutting-edge solutions to energy consumers nationwide. With the addition of PowerSecure to Southern Company, we're extending our commitment to create America's energy future by tapping into industry-leading expertise to deliver cutting-edge solutions to energy consumers nationwide.". Southern Company celebrates anniversary of PowerSecure acquisition Southern Company and PowerSecure recently celebrated the first anniversary of the combined company. Dazu gehört der Widerspruch gegen die Verarbeitung Ihrer Daten durch Partner für deren berechtigte Interessen. If you are unable to participate during the live webcast, a replay of the conference call will be available approximately two hours after the completion of the call through midnight on March 9, 2016. On Wednesday, Southern Company announced plans to acquire PowerSecure for $431 million, or $18.75 a share — a hefty premium over the publicly traded company’s recent share price. Visit www.southerncompany.com. ATLANTA and WAKE FOREST, N.C., May 9, 2016 /PRNewswire/ -- Southern Company and PowerSecure International, Inc. today completed their merger, with PowerSecure … Acquiring Organization: Southern Company Southern Company Services, Inc., headquartered in Birmingham, Alabama, is the shared services division of Southern Company. PowerSecure International, Inc. 3098. Addition of PowerSecure's proven expertise positions Southern Company to advance distributed infrastructure development Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure , with PowerSecure becoming a wholly owned subsidiary of Southern Company . INVESTORS OF POWERSECURE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT POWERSECURE, SOUTHERN COMPANY AND THE MERGER. Southern Company's existing business model provides an opportunity to leverage PowerSecure's unique expertise to help meet customers' energy needs using advanced technologies. Information regarding Southern Company's directors and executive officers is available in Southern Company's proxy statement filed with the SEC on April 10, 2015 in connection with its 2015 annual meeting of stockholders, and information regarding PowerSecure's directors and executive officers is available in PowerSecure's proxy statement filed with the SEC on April 24, 2015 in connection with its 2015 annual meeting of stockholders. "Today there is demand for distributed infrastructure solutions that best meet each customer's unique energy needs. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables. Southern Company's existing business model provides an opportunity to leverage PowerSecure's unique expertise to help meet customers' energy needs using advanced technologies. This communication may be deemed to be solicitation material in respect of the merger between Southern Company and PowerSecure. For PowerSecure’s part, being acquired by Southern Co. should go a long way towards stabilizing the company’s fortunes, which have swung widely. Southern Company to Acquire PowerSecure International, Inc. 2019 Southern Company Annual Meeting of Stockholders, http://photos.prnewswire.com/prnh/20080801/SOCOLOGO, http://photos.prnewswire.com/prnh/20160224/337155LOGO, http://www.prnewswire.com/news-releases/southern-company-to-acquire-powersecure-international-inc-300225740.html, Anti-Hedging and Anti-Pledging Provisions. The company earned the 2014 National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development, and is continually ranked among the top utilities in Fortune's annual World's Most Admired Electric and Gas Utility rankings. As Southern Company and PowerSecure prepare for tomorrow, the combination of one of America's leading energy companies with a successful, customer-focused provider of differentiated energy solutions and innovative energy infrastructure is designed to expand Southern Company's opportunities to provide customized energy products to customers. Southern Energy Management is based in Morrisville. Southern Company's existing business model provides an opportunity to leverage PowerSecure's unique expertise to help meet customers' energy needs using advanced technologies. PowerSecure provides products and services in the areas of Interactive Distributed Generation ® (IDG®), energy efficiency and utility infrastructure. Acquiring Organization: Southern Company Southern Company Services, Inc., headquartered in Birmingham, Alabama, is the shared services division of Southern Company. In addition, the webcast will be archived on the company's website at www.powersecure.com. Sie können Ihre Einstellungen jederzeit ändern. Orion Portfolio Solutions LLC lowered its position in Vanguard Energy Index Fund ETF Shares (NYSEARCA:VDE) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. Orion Portfolio Solutions LLC owned about […] ATLANTA and WAKE FOREST, N.C., Feb. 24, 2016 /PRNewswire/ -- Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure, with PowerSecure becoming a wholly owned subsidiary of Southern Company. In 2016, PowerSecure was acquired by Southern Company and today is a wholly owned subsidiary of Southern. Power Pro-Tech Services is excited to combine forces with the PowerSecure team and offer unparalleled sales, engineering and design, manufacturing, construction, commissioning, monitoring and expert maintenance of distributed infrastructure. Additional Information and Where to Find It. After closing, the companies anticipate that PowerSecure's operations, including its management team and corporate headquarters, will continue to be based in Wake Forest, N.C. Image source: PowerSecure.. What: Shares of PowerSecure International are up … PowerSecure, a Southern Company subsidiary, is the nation’s leading distributed energy innovation company. "These attributes, combined with Southern Company's nationally recognized customer service, make Southern Company the ideal partner for PowerSecure to deliver even greater value to our customers. Southern Company and PowerSecure International have completed their merger, with PowerSecure now set to become a wholly owned subsidiary of Southern Company. On Wednesday, Southern Company announced plans to acquire PowerSecure for $431 million, or $18.75 a share — a hefty premium over the publicly traded company’s recent share price. Other information regarding persons who may be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Security holders may also read and copy any reports, statements and other information filed by Southern Company and PowerSecure with the SEC, at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Addition of PowerSecure's proven expertise positions Southern Company to advance distributed infrastructure development ATLANTA and WAKE FOREST, N.C. – Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) today announced that the boards of directors of both companies have approved a definitive merger agreement through which Southern Company will acquire PowerSecure … PowerSecure International, Inc. 3097. Southern Company (NYSE: SO) and PowerSecure International, Inc. (NYSE: POWR) disclosed that they have completed their merger that was worth about $425 million. Southern Company has been named by the U.S. Department of Defense and G.I. These technologies typically receive highest demand largely in markets outside of the Southeast, where distributed infrastructure investments tend to provide greater customer value. The company is a pioneer in developing IDG® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. The utility announced last month that it would be buying the Wake Forest clean tech for about $431 million. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' Southern Company has acquired a premier provider of distributed infrastructure, offering primarily commercial and industrial customers innovative solutions to meet their individual reliability, energy … The company is a pioneer Southern Company (NYSE: SO) of Georgia is acquiring Wake Forest clean tech PowerSecure International (NYSE: POWR) for about $431 million. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Important risks, uncertainties and other factors include, but are not limited to, the failure to receive, on a timely basis or otherwise, the required approvals by PowerSecure stockholders and government or regulatory agencies (including the terms of such approvals); the risk that a condition to closing of the merger may not be satisfied; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the risk that the businesses will not be integrated successfully; the possibility that the anticipated benefits from the transaction cannot be fully realized or may take longer to realize than expected; the possibility that costs related to the integration of Southern Company and PowerSecure will be greater than expected; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the diversion of management time on transaction-related issues; the on-going uncertainty and inconsistency in the economy, financial markets and business markets; the impact of legislative, regulatory and competitive changes; and other risks, uncertainties and other factors identified from time to time in in each of Southern Company's and PowerSecure's reports filed with or furnished to the Securities and Exchange Commission, including their most recent Annual Report on Form 10-K, as well as subsequently filed Quarterly Reports Form 10-Q and Current Reports on Form 8-K, copies of which may be obtained by visiting the investor relations page of each company's website or the SEC's website at www.sec.gov.