July 19, 2017 / 10:20 PM / 2 months ago

BUZZ-Avista Corp: Hydro One offers to buy co for $5.3 bln

** Electric utility company’s shares surge 19 pct to$51.55 after bell after Hydro One offers to buy co for $5.32 bln in cash

** Stock to open at over 17-year high, if gains hold

** Hydro One offers $53 per Avista share, a premium of 22.3 pct to AVA’s Wednesday closing

** To Wednesday’s close, AVA had risen 6.9 pct YTD

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