Hydro One to acquire Avista in Canada-U.S. energy transmission combo
Ontario's largest electricity transmission and distribution provider, Hydro One Limited (TSX:H) and Northwest U.S. energy provider Avista Corporation (NYSE:AVA) announced a definitive merger agreement under which Hydro One will acquire Avista for C$67 (US$53) per share in a C$6.7 billion (US$5.3 billion) all-cash transaction.

 

Avista shareholders receive US$53 in cash per common share, a 24% premium as of market close on July 18, 2017
Hydro One's acquisition ...

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