FirstEnergy Solutions notes mixed on retail power business sale; Murray Energy improves

By James McCandless

San Antonio, July 10 – Traders saw catalysts driving trading in individual names on Tuesday as the overall market saw activity slowly climb.

FirstEnergy Solutions Corp. notes were mixed as the company enters a definitive agreement to sell its retail power business to Exelon Corp.

Murray Energy Corp. issues gained. The company recently announced that it had completed its debt restructuring process.

PetSmart, Inc. paper was mixed. The market is waiting for developments in a recent dispute between the company and its creditors.

Frontier Communications Corp. notes were mixed. Chief financial officer Perley McBride has announced his resignation.

Intelsat SA issues were mixed. The company has announced a buyback program for its 7¾% notes due 2021.

American Tire Distributors paper rose. Bridgestone recently ended its commercial tire distribution deal with the company.

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