Emera shareholders to own 60% of larger, diversified co
Emera shareholders are expected to own approximately 60% of a substantially larger and more diversified company following a transaction.
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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.