Jan 25 (Reuters) - Altagas Ltd ALA.TO
* To acquire WGL Holdings Inc in C$8.4 billion transaction
* Says under terms of transaction, WGL shareholders will receive US$88.25 in cash per WGL share
* Will relocate headquarters of its U.S. power business to WGL Holdings Inc's service region
* Says upon closing of acquisition, Altagas Ltd will have approximately c$22 billion of high quality, low risk, long-lived assets
* Altagas Ltd says boards of directors of Altagas and WGL have unanimously approved transaction, which is expected to close by end of Q2 of 2018
* Altagas Ltd - transaction represents a total enterprise value of c$8.4 billion, including assumption of approximately c$2.4 billion of debt
* Altagas - EPS accretion of about 7-9 percent with normalized funds ffo accretion of over 20 percent in first full year of operations after deal
* Altagas ltd - target of 8-10 percent annual dividend growth through 2021, while reducing altagas ltd.'s dividend payout ratios
* Altagas ltd - transaction is not subject to any financing contingency and altagas has a fully committed US$4.95 billion bridge financing facility for deal
* Altagas ltd - permanent financing of deal expected to be achieved through approximate $400 million private placement of subscription receipts to omers
* Altagas - transaction is expected to result, on average, in 8-10 percent accretion to eps, and normalized ffops accretion of 15-20 percent through 2021 Source text for Eikon: ID:nCCNbx4pCc Further company coverage: ALA.TO