Emera, ATCO, Canadian Utilities Announce Merger of Equals
Emera, ATCO, and Canadian Utilities have agreed to merge in an all-stock deal, creating a Canadian utility and energy infrastructure powerhouse.
Story updates
10:36:32 AM UTC
SquawkNews
Emera announced an all-share merger of equals with Canadian Utilities, creating a company with expected pro forma enterprise value of ~$72B and ~6M customers; closing targeted for H2 2027, subject to approvals. ATCO will spin off certain industrial services as New ATCO.Material DetailsContext by AI…
10:40:21 AM UTC
SquawkNews
Emera: Will Combine With Canadian Utilities in Merger of Equals to Form North Amer Utility With About C$72B in Combined Enterprise Value >EMA.T
Emera, ATCO and Canadian Utilities said they have reached a definitive agreement to combine Emera and Canadian Utilities in a merger of equals. The companies said the deal would create a Canadian utility and energy infrastructure company with the scale to support Canada’s growth ambitions while continuing to invest in and…