Garage sale

Lane, Amy
May 2003
Crain's Detroit Business;5/19/2003, Vol. 19 Issue 20, p3
Detroit, Michigan-based company CMS Energy Corp. is planning to sell its business assets in 2003. The company's priority in 2002 has been to improve liquidity, reduce debt and become a smaller, stronger company with less business risk and more predictable earnings. The income from sale will enable CMS to meet debt payments coming due through September 2004. Items on asset sale list include the company's 50 percent interest in a coal-fired power plant in Neyveli, India, and an electricity-distribution system in Brazil.


Related Articles

  • ARGENTINA.  // Latin Trade (English);Jun2007, Vol. 15 Issue 6, p9 

    The article reports that CMS, a U.S. energy firm, has sold its stake in an Argentine hydroelectric generating business. Endesa, a poweer producer based in Chile, bought CMS shares for S$50 million. CMS will use the sales proceeds to settle its corporate debts and finance the acquisition of U.S....

  • CMS selloff nears end. Lane, Amy // Crain's Detroit Business;5/16/2005, Vol. 21 Issue 20, p1 

    The article presents information according to which after years of shedding domestic and international investments to reduce debt, CMS Energy Corp. is running out of things to sell. The Jackson-based company since 2001 has sold about $4.2 billion in assets as it's refocused on its core utility...

  • News Headlines.  // MarketWatch: Energy;April 2003, Vol. 2 Issue 4, p18 

    Present energy industries-related news items, as of April 2003. Complexity of the methods employed by Enron Corp. to evade taxes; CMS Energy Corp.'s cost-cutting through sale of electric trading unit; Unit to be sold by American Electric Power.

  • CMS Energy Places Another Asset on the Auction Block. Cecil, Mark // Mergers & Acquisitions Report;5/19/2003, Vol. 16 Issue 20, p4 

    Reports on the plan of CMS Energy Corp. to sell its non-core U.S. asset, its stake in the Guardian Pipeline, as of May 2003. Reason behind the plan; Description of the pipeline; Market capitalization of the company; Areas where CMS is investing its international assets.

  • CMS divestitures nearly done. Lane, Amy // Crain's Detroit Business;2/19/2007, Vol. 23 Issue 8, p21 

    The article presents information on the strategic planning of CMS Energy Corp. The Jackson-based company is closing in on asset sales that by year-end should leave CMS largely a U.S. company, completing a strategy to shed nonstrategic operations and focus on its core electric and natural-gas...

  • CMS, DTE sell assets, focus on core utility operations. Lane, Amy // Crain's Detroit Business;1/28/2008, Vol. 24 Issue 4, p13 

    The article reports on the sale of assets by CMS Energy Corp. and DTE Energy Co. to focus on their core utility operations. From 2002 through 2007, CMS sold $5.8 billion in assets. Its strategy has been to sell nonstrategic assets and use the proceeds to pay off debt and focus on Consumers...

  • SWOT Analysis.  // CMS Energy Corporation SWOT Analysis;December 2002, p5 

    Provides a business analysis of CMS Energy Corp., a diversified energy company operating in the U.S. and around the world, focusing on its strengths, weaknesses, opportunities for improvement and threats to the company. Strengths, including divestiture of its oil and gas operations to raise...

  • CMS finds new identity--and new profits--in total energy approach. Pospisil, Ray // Electrical World;Nov96, Vol. 210 Issue 11, p44 

    Features Michigan firm CMS Energy Corp., recipient of a 1996 James H. McGraw Award. Growth of CMS Generation's Midland Cogeneration Venture (MCV); Role of CMS Chairman Bill McCormick in the growth of the firm; Competitiveness of the firm due to its low rates and quality service; Financial...

  • CMS focusing on its international unit for growth. Defendis, Megan // Crain's Detroit Business;06/02/97, Vol. 13 Issue 22, p20 

    Focuses on the success that CMS Energy Corporation achieved as of June 1, 1997. Examination of the company's presence in the energy business; Number of foreign markets that CMS entered; Description of CMS' expansion products; Statistics on the company's earnings.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics