BRIEF-Veresen says hired TD Securities as advisor for power business sale
Aug 3 (Reuters) - Veresen Inc
* Will pursue sale of its power generation business and will suspend its premium dividend and dividend reinvestment plan
* Intends to initially apply proceeds of sale of power business to reduce its debt outstanding
* Has engaged TD Securities Inc. As company's sole financial advisor on divestiture of power business
* Increased 2016 distributable cash guidance to be in range of $1.03 per common share to $1.13 per common share Source text for Eikon: Further company coverage:
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