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Hydro One to acquire Avista in $5.3 billion deal

Staff Writer | July 20, 2017
Hydro One Limited and Avista Corporation jointly announced a definitive merger agreement under which Hydro One will acquire Avista for C$67 ($53) per share in a C$6.7 billion ($5.3 billion) all-cash transaction.
Hydro One Limited
Acquisition   Electricity and natural gas business
Together, Hydro One and Avista will create a North American leader in regulated electricity and natural gas business with over C$32.2 billion ($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.


 

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