Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 1:49 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #30. Fortis — UNS Energy Corporation
Acquirer:
Fortis (FTS.CA)
Acquiree:
UNS Energy Corporation (UNS)
Details:
Shareholders of UNS Energy Corporation (NYSE:UNS) voted overwhelmingly today to approve the proposed acquisition of the company by a subsidiary of Fortis Inc. (TSX:FTS.CA).
Fortis is a holding company. Through its subsidiaries, Co. is engaged in the regulated electric and gas utility industry. Co.'s regulated utility businesses include ITC Holdings Corp. together with all of its subsidiaries, which consists mainly of electric transmission operations. ITC's subsidiaries own and operate high-voltage electric transmission systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to ITC's transmission systems. Co.'s non-regulated energy infrastructure includes a natural gas storage facility in British Columbia.
Preferreds: FTS.PRC.CA, FTS.PRE.CA, FTS.PRF.CA, FTS.PRG.CA, FTS.PRH.CA, FTS.PRJ.CA
Open the FTS.CA Page at The Online Investor »Fortis is a holding company. Through its subsidiaries, Co. is engaged in the regulated electric and gas utility industry. Co.'s regulated utility businesses include ITC Holdings Corp. together with all of its subsidiaries, which consists mainly of electric transmission operations. ITC's subsidiaries own and operate high-voltage electric transmission systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to ITC's transmission systems. Co.'s non-regulated energy infrastructure includes a natural gas storage facility in British Columbia.
Preferreds: FTS.PRC.CA, FTS.PRE.CA, FTS.PRF.CA, FTS.PRG.CA, FTS.PRH.CA, FTS.PRJ.CA
Open the UNS Page at The Online Investor »
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