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Canadian Emera to purchase US's Teco for USD6.5b
(MENAFN) Canadian power maker Emera will acquire American generator Teco Energy Inc. for USD6.5 billion, which will be considered its biggest takeover to date, based on released reports.
Emera may succeed to influence regulators where some competing utilities have failed, because of its track record of hands-off management, as reports show that The Canadians have a history of leaving a utility in place.
The acquisition is set to begin boosting the company's earnings in 2017, plus help the Halifax, Nova Scotia-based Emera extend its 8 percent dividend growth target beyond the existing forecast of 2019.
Emera may succeed to influence regulators where some competing utilities have failed, because of its track record of hands-off management, as reports show that The Canadians have a history of leaving a utility in place.
The acquisition is set to begin boosting the company's earnings in 2017, plus help the Halifax, Nova Scotia-based Emera extend its 8 percent dividend growth target beyond the existing forecast of 2019.
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