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Emera, Canadian Utilities to merge, creating $50B combined company
Seeking Alpha ·
Seeking Alpha reports: Canadian utility companies Emera and Canadian Utilities said Tuesday they agreed to a merger in an all-stock transaction, creating a combined company with ~6M customers and an enterprise value of ~C$72B (US$50.4B). Based on the implied enterprise value of Canadian Utilities , the transaction is expected to be the largest merger in history between two Canadian companies and will form a top 20 North American utility. Under the deal terms, Emera will acquire all…