Status Update: Clearance Acquirer: Algonquin Power & Utilities Corp. (Canada) Acquired: Empire District Electric Company (Missouri, U.S.) Value: Approx. US$2.4 billion Industry: Energy; Regulated Utilities UPDATE: In a recent securities filing by Algonquin Power & Utilities Corp. (Canada), it was reported that, in relation to its acquisition of Missouri based Empire District Electric … Continue Reading
Status Update: Clearance Acquirer: Enbridge Inc. (Canada) Acquired: Spectra Energy Corp. (U.S.) Value: Approx. US$28 billion Industry: Energy; Regulated Utilities UPDATE: On December 21, 2016, Spectra Energy Corp announced the parties received notice from the Committee on Foreign Investment in the United States (CFIUS) “that it has concluded its review of the proposed combination of … Continue Reading
Status: Clearance Acquirer: Fortis, Inc. (Canada) Acquired: ITC Holdings Corp. (U.S.) Value: US$11.3 billion Industry: Energy Fortis announced that on July 8, 2016, the parties received CFIUS clearance with written confirmation from CFIUS that there are no unresolved national security concerns with respect to the transaction and that the action under Section 721 of the … Continue Reading
