Raleigh-based Carolina Power and Light has officially completed its acquisition of Florida Progress Corporation. Company officials at CP&L said they will announce a new name and brand for the combined company, along with a new NYSE ticker symbol, on December 4. The company will begin trading under the new ticker symbol on Monday, December 11, 2000. Until that date, the new company will trade under CP&L's current symbol, CPL. CP&L's CEO William Cavanaugh said the combination of CP&L and Florida Progress will help grow the value of the company.
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