Utilities M&A » By The Online Investor Staff, updated Mon., Jul. 4, 10:54 AM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #93. Avista Corp. — Alaska Energy and Resources Company
Acquirer:
Avista Corp. (NYSE:AVA)
Acquiree:
Alaska Energy and Resources Company
Details:
Avista Corp (NYSE: AVA) today announced that it has signed a definitive agreement to acquire Alaska Energy and Resources Company (AERC), a privately-held company based in Juneau, Alaska. When the transaction is complete, AERC will become a wholly-owned subsidiary of Avista Corp.
Avista is a holding company. Through its subsidiaries, Co. is primarily an electric and natural gas utility with certain other business ventures. Co.'s business segments are: Avista Utilities, which provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho, as well as natural gas distribution service in parts of northeastern and southwestern Oregon; and Alaska Electric Light and Power Company, which provides electric services in Juneau, AK. Co. has other businesses, including venture fund investments, real estate investments, as well as certain other investments.
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Avg. Broker Rec.
 
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Hold (1.67 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: AVA Stock Forecast Based on Zacks ABR data; powered by Xignite |
