- Emera Inc. agreed to acquire Canadian Utilities Ltd. in an all-stock deal valued at about C$14.3 billion ($10 billion), creating a sprawling power and natural gas company with customers from Florida to Alberta.
- The combined company will have an enterprise value of about C$72 billion and six million customers.
- The transaction is the largest single merger between two Canadian corporations, forming a top 20 North American utility.
Quotes
“Emera Inc. agreed to acquire Canadian Utilities Ltd. in an all-stock deal valued at about C$14.3 billion ($10 billion)”
“It will be the largest single merger between two Canadian corporations, forming a top 20 North American utility”