Emera, ATCO Shareholders to Receive Interest in Combined Entity
Shareholders of ATCO will receive an interest in both the combined Emera entity and a purpose-built new ATCO.
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Emera, ATCO, Canadian Utilities to combine in $72 billion Canadian utility deal
Emera and Canadian Utilities will merge in a deal creating a Top 20 North American utility with approximately $72 billion in enterprise value, $45 billion in rate base, and six million customers. ATCO will spin off its industrial services business into a new publicly-traded company.