- American City Business Journals•2 months ago
First, Emera Inc., the Canadian energy firm that bought TECO Energy Inc., said who was coming on board and staying on at TECO and its Florida utilities, Tampa Electric and Peoples Gas. Three of the top executives at TECO before the $10.4 billion sale have given notice that they will retire on Aug. 31, a filing with the U.S. Securities and Exchange Commission said.
- American City Business Journals•3 months ago
Ten executives and directors of TECO Energy Inc. sold their stock for more than $1 million each when Canadian energy company Emera Inc. bought TECO. Tom Rankin, a member of TECO’s board of directors, sold nearly $21 million in stock, while John Ramil, TECO’s president and CEO, received $13.2 million for his stock. Emera (EMA.TO), based in Halifax, Nova Scotia, closed its $10.4 billion acquisition of TECO on July 1 , assuming debt and paying $27.55 a share for all the outstanding shares.
TECO Energy, Inc. (TE)
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