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Asset Summaries

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M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Algonquin Power & Utilities Corp.
Target: WPS Canada Generation Inc./WPS New England Generation Inc.
Seller: Integrys Energy Group, Inc.
Deal Type: Generation
Agreement Date11/10/2009
Announcement Date11/10/2009
Announcement Deal Value ($000)38,500
Short-term and Current Long-term Debt ($000)NA
Cash and Cash Equivalents ($000)NA
Current Investments ($000)NA
Inventories ($000)NA
Obligations under Capital Leases ($000)NA
Postretirement Benefits ($000)NA
Announced Transaction Value ($000)38,500
Completion Date1/12/2010
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)38.5
Deal Terms
Description of Consideration
Integrys Energy Group Inc. received gross proceeds of $38.5 million in cash from the sale of its interest in WPS New England Generation Inc. and WPS Canada Generation Inc. from Algonquin Power & Utilities Corp.
Accounting MethodAcquisition
Merger of Equals?
Geographic Expansion?In Market
Goodwill Generated ($000)4,184
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA
Termination Fee ($000)
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
SellerYesThorndike Landing LLC

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesK&L Gates LLP
SellerYesFoley & Lardner LLP