December 11, 2013 / 9:54 PM / in 4 years

Fortis to buy UNS Energy for about $2.5 bln

Dec 11 (Reuters) - Canadian power company Fortis Inc said it agreed to buy utility firm UNS Energy Corp for about $2.5 billion in cash to expand its presence in the United States.

The $60.25 per share offer is at a premium of 31.4 percent to UNS’ Wednesday close of $45.84 on the New York Stock Exchange. (Reporting by Supantha Mukherjee in Bangalore)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below