Capital Power will acquire U.S. natural gas utility, Bridgeport Energy, Reuters reports. The Canadian power producer will pay around $355 million for the acquisition. The Edmonton-based company intends to fund the acquisition though debt and equity. Capital Power is seeking to raise $207.4 million by offering 8.1 million shares to a syndicate of underwriters co-led by TD Securities and CIBC World Markets.
Click here for the story from Reuters.
Click here for additional coverage from Globe and Mail.