Emera to merge with Canadian Utilities in $10 billion all-stock deal
Emera (TSX:EMA) will merge with Canadian Utilities (TSX:CU) in an all-stock transaction valued at $10 billion.
Halifax-headquartered Emera TSX:EMA is merging with Alberta’s Canadian Utilities TSX:CU in a $10 billion all-stock deal. Both sides are betting on two separate spending waves, with the power provider positioning for data-center growth.