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Share Name | Share Symbol | Market | Type |
---|---|---|---|
National Rural Utilities Cooperative Finance Corp | NYSE:NRN | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.42 | 0.00 | 01:00:00 |
"Today's approval of the transfer is the result of a lengthy and thorough review by the PSC, its Hearing Examiner, and PSC staff and its consultants," stated CFC Chief Financial Officer Steven Lilly. "CFC is committed to operating a state-of-the-art telecommunications system that will be an asset to the businesses and residents of the Virgin Islands."
In January 2009, CFC announced that it would make a credit bid to acquire the ICC-owned businesses from ICC, which remains in Chapter 11 bankruptcy. Today's PSC approval represents the final regulatory approval necessary for CFC to complete its acquisition of the ICC businesses, as CFC has already received approvals from other regulators, including the U.S. Federal Communications Commission. The Chapter 11 Trustee and CFC will now request final authorization from the U.S. Bankruptcy Court to consummate the credit bid.
About CFC National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU) (NYSE: NRN) (NYSE: NRC) is a cooperative that serves the nation's rural utility systems. With more than $20 billion in assets, CFC provides its member-owners with an assured source of market-priced capital and financial products and services. CFC can be found online at nrucfc.org.
Contact: Mike O'Brien Vice President Corporate Communications Email Contact 703-709-6709 Andrew Don Vice President Capital Markets Relations Email Contact 703-709-6869
1 Year Natl Rural Util 6.75 Chart |
1 Month Natl Rural Util 6.75 Chart |
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