Emera to Buy Canadian Utilities for 10 Billion
Emera agreed to acquire Canadian Utilities in a stock deal valued at about ten billion dollars. The merger creates a major power provider with six million customers to support rising energy demand and infrastructure upgrades.
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EMERA INC will acquire CANADIAN UTILITIES LTD-A for C$14.3 billion ($10.02 billion) in stock to build scale for surging power demand. The deal creates one of Canada's largest power providers with an enterprise value of C$72 billion. The combination positions the firm to capture rising electricity needs from electrification and data centers across North America.
