Canadian Utility Fortis to buy TEP Parent UNS Energy for $2.5 billion
Fortis Inc., a Canadian utility company, said Wednesday that it plans to buy power provider UNS Energy Corp., the parent company for Tucson Electric Power Co. for $2.5 billion, expanding its business into Arizona. Fortis will pay $60.25 per share for UNS Energy. That’s 31% above UNS Energy’s closing price of $45.84. Fortis will also […]
Canadian Utility Fortis to buy TEP Parent UNS Energy for $2.5 billion Read More »