MARKET TALK: US Deal Positive For Centrica Share Price

10th Jun 2010 07:53

0653 GMT [Dow Jones] The acquisition by Centrica's (CNA.LN)North American subsidiary Direct Energy of Clockwork Home Services should be positive for the Centrica share price, says an analyst. Says the deal shows that Centrica is following the same successful strategy it has displayed in the UK. Says the acquisition of Clockwork will make Direct Energy a market leader in the North American home energy services market. Centrica shares closed Wednesday at 277.9p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 10, 2010 02:53 ET (06:53 GMT)

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