Regions Financial Corp.

-0.74 (-3.27%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

CMS Energy Announces Strategic Sale Of EnerBank USA To Regions Bank For $960 Mln

Published: 06/08/2021 14:11 GMT
Regions Financial Corp. (RF) - Cms Energy Announces the Strategic Sale of Enerbank USA to Regions Bank for $960 Million.
Cms Energy Corp - Reaffirmed Consolidated FY 2021 Adjusted Earnings Guidance of $2.83 - $2.87 per Share Assuming Deal Closes in Q4 of 2021.
Cms Energy Corp - Until Closing of Transaction, Enerbank's Earnings Will Be Reported in Discontinued Operations.
Cms Energy Corp - Introduced 2022 Adjusted Earnings Guidance of $2.85 - $2.87 per Share, Reflecting Exclusion of Enerbank.
Cms Energy Corp - Reaffirmed Long-term Adjusted EPS Growth of 6 to 8 Percent.