Pending CFIUS Review: Algonquin Power & Utilities Corp. and Empire District Electric Company

Pending CFIUS Review: Algonquin Power & Utilities Corp. and Empire District Electric Company
Tuesday, December 13, 2016

Status:  Pending Filing​

Acquirer:  Algonquin Power & Utilities Corp. (Canada)

Acquired:  Empire District Electric Company (Missouri, U.S.)

Value:  Approx. US$2.4 billion

Industry:  Energy, Regulated Utilities

Empire District Electric Co., an energy company based in Missouri, confirmed in a quarterly report that it and Algonquin Power & Utilities Corp filed a joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) on June 29, 2016.  (See Empire District Form 10-Q, Nov. 7, 2016, SEC Filing.)   In June, U.S. based Empire District Electric Company voted to merge with a subsidiary of Algonquin Power & Utilities Corp., a Canadian based power company

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