Pending acquisition will result in combined assets of $22 billion (EDITOR’S NOTE: Canadian dollars unless otherwise noted.) AltaGas Ltd. (ticker: ALA) today reported that normalized EBITDA in the first quarter of 2017 increased $50 million to $228 million, compared to the same quarter in 2016. Normalized funds from operations were $170 million ($1.01 per share) for the first quarter of
Canada’s Fortis acquires largest independent pure-play electric transmission company in the U.S. Fortis Inc. (ticker: FTS, FortisINC.com) announced today that it will acquire ITC Holdings Corp. for total consideration of $11.3 billion. Under the terms of the deal, ITC shareholders will receive $22.57 in cash and 0.752 Fortis shares for each ITC share, valuing each share of ITC at about
Duke gains 1 million new customers in Piedmont acquisition North Carolina based Duke Energy (ticker: DUK) announced that it will acquire Piedmont Natural Gas (ticker: PDM) for $4.9 billion in cash, and assume Piedmont’s $1.8 billion in debt, for total consideration of $6.7 billion. The acquisition was unanimously approved by the boards of both companies. Upon transaction closing, Piedmont shareholders
