NASDAQ Welcomes Abengoa Yield (NASDAQ: ABY) to The NASDAQ Stock Market

NEW YORK, June 13, 2014  -- The NASDAQ OMX Group, Inc. (NDAQ) announced that trading of Abengoa Yield (ABY), a solar and electricity transmission yield company, commenced trading on The NASDAQ Stock Market on June 13, 2014.

Abengoa Yield is a dividend growth-oriented company formed to serve as the primary vehicle through which Abengoa will own, manage and acquire renewable energy, conventional power and electric transmission lines and other contracted revenue-generating assets, initially focused on North America and South America, as well as Europe.

"NASDAQ is proud to welcome Abengoa Yield to The NASDAQ Stock Market and looks forward to their continued success in the future," said Adam Kostyal, Senior Vice President, NASDAQ OMX.

Published: 13 June 2014
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UNS Energy Agrees to Be Acquired by Fortis Utility Group; Acquisition Would Strengthen Local Arizona Utilities

The Board of Directors of UNS Energy Corporation (UNS) has unanimously approved a definitive merger agreement with Fortis, Inc. (FTS.TO), Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash.

The $4.3 billion transaction, which includes the assumption of approximately $1.8 billion in debt, would provide additional capital and new resources for UNS Energy’s subsidiaries, including Tucson Electric Power (TEP) and UniSource Energy Services (UES). Both companies will remain headquartered in Tucson under local control with current management and staffing levels and no planned changes to existing operations or rates.

Published: 12 December 2013
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CVTech Group Inc. reports sharply improved operating profitability in 2012

RECORD RESULTS IN TERMS OF REVENUES, EBITDA AND NET EARNINGS

  • Revenues from continuing operations of $249.2 million, up 6.8% from 2011
  • EBITDA from continuing operations up 38.0% to $25.2 million, or 10.1% of revenues
  • Net earnings from continuing operations of $12.1 million or $0.17 per share, almost double net earnings of 2011

CVTech Group Inc. ("CVTech" or "the Corporation") (TSX:CVT.TO - News) today reported results for its fourth quarter and fiscal year ended December 31, 2012. On October 16, 2012, the Corporation announced the sale of its operations in the CVT systems and related products segment. Consequently the results of this segment are presented as discontinued operations and the results of the previous year have been restated accordingly. All amounts are in Canadian dollars unless otherwise indicated.

Published: 28 March 2013
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Emera to Acquire Maine & Maritimes Corporation

Maine & Maritimes Corporation (NYSE Amex: MAM) and Emera Inc. announced today that MAM has entered into a merger agreement with BHE Holdings Inc. of Bangor, ME (BHE), a subsidiary of Emera Inc. (EMA: TSX). Under the terms of the agreement, all outstanding shares of MAM common stock will be purchased for US$45.00 per share in cash, representing over a 40 percent premium based on MAM's closing share price on Thursday, March 11, 2010, the last trading day prior to the announcement of the proposed merger and MAM will become a wholly owned subsidiary of Emera.

The transaction has been approved by the MAM Board of Directors, and is expected to close later this year, subject to approval by MAM's shareholders and certain regulatory approvals, including the Maine Public Utilities Commission and the Federal Energy Regulatory Commission, as well as other customary closing conditions. Regulatory approvals are estimated to take 6-8 months. MAM shareholders will receive proxy materials soliciting their approval for the transaction.

Published: 12 March 2010
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