07-20-2017, 04:04 PM
Quote:Hydro One Limited ("Hydro One") (TSX:H) and Avista Corporation ("Avista") (NYSE:AVA) today jointly announced a definitive merger agreement ("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. Together, Hydro One and Avista will create a North American leader in regulated electricity and natural gas business with over C$32.2 billion (US$25.4 billion) in combined assets. The transaction brings together two industry-leading regulated utilities with over 230 years of collective operational experience as well as shared corporate cultures and values. The combined entity will safely and reliably serve more than two million retail and industrial customers and hold assets throughout North America including Ontario, Washington, Oregon, Idaho, Montana and Alaska. http://investor.avistacorp.com/phoenix.z...ID=2287479
After three years of them sending me a nice check every quarter, looks like another niche utility will be bought. Now I have to start researching utes again but prices are generally pretty high right here.
Any suggestions? Why?
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan