Louisiana Clears Macquarie's $3.4B Cleco Takeover

The transcript discusses Macquarie's acquisition of Klecko, a significant utility company in Louisiana, for $3.4 billion. Initially rejected by the Louisiana Public Service Commission, the deal was approved after investors offered benefits like a 14% bill reduction and a freeze on electricity rates until 2019. Despite the acquisition's potential value for customers, Macquarie's shares declined by 2.6% amid a broader market downturn.

What was the initial reaction of the Louisiana Public Service Commission regarding the acquisition?

How many customers does Clarko serve in Louisiana?

What are some of the sweeteners offered by the investors to make the acquisition more appealing?

What was the percentage decline of Macquarie shares mentioned in the text?

What was the broader index's decline percentage mentioned in the text?