Alter NRG Corp. Agrees to be Acquired by Harvest International New Energy, Inc.
CALGARY, March 27, 2015 - Alter NRG Corp. ("Alter NRG" or the "Company") (TSX:NRG.TO) and Harvest International New Energy, Inc. ("Harvest") announced today that they have entered into a Support Agreement under which Harvest has agreed to offer to acquire, through its wholly-owned subsidiary, 1030629 B.C. Ltd. (the "Offeror"), all of the issued and outstanding common shares of the Company (the "Common Shares") by the Offeror (including any Common Shares issuable upon the exercise of outstanding option to acquire Common Shares) for C$5.00 in cash per Common Share (the "Offer") by way of a Board-approved take-over bid. The total equity purchase price is approximately C$147 million.
The Offer consideration represents a 160% premium to the Company's 20-day volume weighted average price on the Toronto Stock Exchange ("TSX") for the period ending March 26, 2015 and a 159% premium to the Company's closing price on the TSX on March 26, 2015.
- Published: 27 March 2015
- Written by Editor
Argent Energy Trust announces higher than expected second quarter production and provides operational update
JUNO BEACH, Fla., June 27, 2014 -- NextEra Energy, Inc. (NEE) and its wholly owned subsidiary, NextEra Energy Partners, LP (NEP), today announced that NextEra Energy Partners has priced an initial public offering of 16,250,000 common units, representing limited partner interests, at a price of $25.00 per common unit. In addition, the underwriters have a 30-day option to purchase up to an additional 2,437,500 common units from NextEra Energy Partners at the initial public offering price, less the underwriting discount. The common units of NextEra Energy Partners will be listed on the New York Stock Exchange under the symbol "NEP" and begin trading on June 27, 2014.
