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BRIEF-Algonquin Power & Utilities Corp Announces Agreement To Acquire Enbridge Gas New Brunswick

Published 2018-12-04, 08:15 a/m
Updated 2018-12-04, 08:20 a/m
© Reuters.  BRIEF-Algonquin Power & Utilities Corp Announces Agreement To Acquire Enbridge Gas New Brunswick

Dec 4 (Reuters) - Algonquin Power & Utilities Corp AQN.TO :

* ALGONQUIN POWER & UTILITIES CORP. ANNOUNCES AGREEMENT TO ACQUIRE ENBRIDGE GAS NEW BRUNSWICK

* ALGONQUIN POWER & UTILITIES CORP - PURCHASE PRICE OF C$331 MILLION, EXPECTED TO BE IMMEDIATELY ACCRETIVE TO APUC'S EARNINGS PER SHARE

* ALGONQUIN POWER & UTILITIES CORP - TRANSACTION IS NOT EXPECTED TO AFFECT NEW BRUNSWICK GAS CUSTOMERS OR RATES PAID FOR SERVICE

* ALGONQUIN POWER & UTILITIES CORP - APUC INTENDS TO MAINTAIN LOCAL EMPLOYMENT AND EXISTING LOCAL OPERATING AND MANAGEMENT STRUCTURE.

* ALGONQUIN POWER & UTILITIES CORP - FINANCING EXPECTED TO BE CONSISTENT WITH APUC'S INVESTMENT GRADE CAPITAL STRUCTURE

* ALGONQUIN POWER & UTILITIES - UNIT LIBERTY UTILITIES (CANADA) LP ENTERED DEAL TO PURCHASE UNIT OF ENBRIDGE INC. ALONG WITH ITS GENERAL PARTNER

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