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Asset Summaries

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AQN Fact Sheet – New Hampshire Gas & Electric Acquisition
AQN Fact Sheet – AWPH Acquisition

M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Algonquin Power & Utilities Corp.
Actual Acquirer: Liberty Utilities Co.
Target: New England Gas Company
Deal Type: Utility
Agreement Date2/11/2013
Announcement Date2/11/2013
Announcement Deal Value ($000)54,500
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 ($000)74,000
StatusCompleted
Completion Date12/20/2013
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)54.5
Deal Terms
Description of Consideration
Algonquin Power & Utilities Corp. paid $74 million in cash, including assumption of $19.5 million of debt, to acquire New England Gas Co. from Laclede Group Inc.
Accounting MethodAcquisition
Merger of Equals?
Geographic Expansion?Market Expansion
Goodwill Generated ($000)NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA
Termination Fee ($000)
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerYesWells Fargo Securities LLC

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesHusch Blackwell LLP
SellerYesAkin Gump Strauss Hauer & Feld