Pre-Market Rush On Veolia (NYSE:VE)

Modern Energy Roundup - March 1, 2012

Written by Brian Hicks
Posted March 1, 2012

Here's this morning's Modern Energy Roundup. . .

  • Veolia Environment (NYSE:VE) announced this morning that it's in exclusive talks to sell its mass transit unit. Veolia investors have been waiting impatiently for the company to unload this part of its business for some time now, so when word came from management it was no surprise to see the stock pop 10 percent in pre-market. Veolia had a tough year in 2011, and 2012 has been up and down. That being said, investors looking for a nice dividend have piled into this one as it offers a nice one at 12%.