Allete said on Monday U.S. investment management company Global Infrastructure Partners and Canadian pension fund CPP ...
Power producer Allete Inc. said Monday it agreed to go private for $67 a share in a deal valued at about $6.2 billion ...
A Canadian pension board and an investment fund partnered to buy the company, which will keep its headquarters in Minnesota.
Allete officials said the company, which would go from publicly traded to a privately owned firm, will remain headquartered ...
, opens new tab said on Monday that it had agreed a deal with investment firms Global Infrastructure Partners and CPP Investments to be taken private at a $6.2 billion valuation, inclusive of debt.
Canada Pension Plan Investment Board and Global Infrastructure Partners have agreed to acquire energy company Allete for $6.2B including the assumption of debt.
Duluth-based utility provider Allete says the move will help provide the capital needed to transition away from fossil fuels.
DULUTH — Allete, the parent company of Minnesota Power and Superior, Water, Light and Power, announced Monday the company has agreed to be acquired by a partnership between the Canada Pension ...
Power producer Allete Inc. said Monday it agreed to go private for $67 a share in a deal valued at about $6.2 billion including debt with buyers Canada Pension Plan Investment Board and Global ...
The new deal values the utility’s equity at $3.86-billion, marginally above its $3.7-billion market valuation in December ...