On January 1st, Algonquin Power & Utility Corp. (NYSE: AQN) announced that it had completed their acquisition of the Empire District Electric Company (NYSE: EDE). This is a transformative transaction for Algonquin, as it increases the Canadian utility's size by 50% and more than doubles its total generating capacity. The combined entity will serve over 800,000 customers across the United States, with an asset base of close to $7 billion.
Algonquin Power Completes Transformative Purchase Of Empire District
newsfeedback@fool.com (Aurelien Windenberger), The Motley Fool
Sun, 01/08/2017 - 7:06am
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