Teco execs jolt market with potential sale

TAMPA -- Teco Energy, a corporate staple in the Tampa community with $2 billion in revenues last year, says it's willing to entertain offers from potential buyers.

“While it is the long-standing policy of Teco Energy Inc. not to confirm or deny market rumors, in response to media reports concerning a potential sale of the company, the company confirmed that is is exploring strategic alternatives,” Teco officials say in a statement. “No assurance can be given that the company will determine to pursue a potential sale or enter into any definitive sales agreement.”

Helping Teco with those “strategic alternatives” is Morgan Stanley & Co., which the company hired as an advisor.