The $239-million deal did not attract strong demand from investors, resulting in a smaller deal size than originally planned, and the shares were priced at a lower level than the marketing range set by the underwriters. AltaGas’s stock price is up by about 8 per cent since the Kelt transaction was announced in late July, including an almost 2-per-cent gain on Monday after news of the Painted Pony takeover. This advisory is for investors seeking high-quality U.S. stocks. Study after study has shown that after an initial adjustment period of a few months, spinoffs tend to outperform groups of comparable stocks for several years….” Pat McKeough shows how spinoffs and other “special situations” can create windfalls for informed investors. AltaGas Canada was spun out from AltaGas Ltd. to help the parent company raise cash and pay back debt after a US$4.5-billion takeover of Washington-based WGL Holdings. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Yet AltaGas Canada has watched its share price rise precipitously in 2019, climbing 57 per cent before the pension funds announced their offer Monday. AltaGas Canada also owns complementary fully contracted renewable power assets. However, TSI Network cautions visitors to its websites that no network, including the Internet, is entirely secure. Users can adjust their email preferences or unsubscribe at any time through the Manage Account page. If you are under 18, you may use TSI Network's site only with involvement of a parent or guardian. As discussed, you can always choose not to provide information even though it might be needed to make a purchase or to take advantage of TSI Network features. for $1.37 billion. The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. In a report, he said, “The strength of AltaGas’ counterparties had previously been a concern for investors, one we expect will largely dissipate.”. WGL also owns extensive pipeline and midstream energy assets as well as clean power project and natural gas generation facilities in the U.S. 's first propane export terminal, Chinese fintech could shatter records with US$35B share offer, Dunkin' shares hit all-time high after holding buyout talks. AltaGas Canada’s cash flow gained 8.7%, to $1.00 a share (or a total of $30.1 million) from $0.92 a share (or $27.6 million). AltaGas launches $8.4-billion takeover of U.S. energy association WGL Holdings Posted on January 25, 2017 by Times of News AltaGas Ltd. is shopping U.S. appetite and application association WGL Holdings Inc. in a understanding value $8.4 billion Cdn as it looks to enhance and variegate a appetite infrastructure portfolio in North America. If you do not wish TSI Network to hold information about you or if you wish to have access to information, modify information, or object to any processing of information or if you have questions please contact us. election, Freeland blasts O'Toole for 'partisan' comments on China, Sask. However, cookies allow you to take full advantage of some of TSI Network's most useful features, and may be required to access certain areas of our website. AltaGas Canada Unique, Diversified Portfolio of High Quality, Strategically Located Canadian Utility and Renewable Power Assets. Analysts say energy companies, large and small, have no plans to drill wells or develop new properties, activity that drives the fortunes of service businesses. As a result, the U.S. now supplies over 60% of overall revenue. AltaGas Canada was spun out from AltaGas Ltd. to help the parent company raise cash and pay back debt after a US$4.5-billion takeover of Washington-based WGL Holdings. “The company has demonstrated limited interest in retaining minority interests, and so the remaining 36 per cent interest in AltaGas Canada could eventually be divested,” he wrote in a note to clients. Article source: http://www.cbc.ca/news/canada/calgary/altagas-takeover-wgl-holdings-1.3952336?cmp=rss. We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes. Audience Relations, CBC P.O. It will help you build a well-balanced, diversified U.S. stock portfolio that will do well in good markets and bad. We encourage you to read the privacy policies of every site that you visit. Per-share cash flow was up 38.0%, to $1.09 from $0.79, on more shares outstanding. In the AltaGas deal, WGL shareholders would receive US$88.25 in cash per WGL share, which represents an 11.8 per cent premium to WGL's closing share price on Tuesday. Tracking every case of COVID-19 in Canada, Ethics committee shuts down efforts to acquire speaking contracts involving Trudeau, wife, Pattie Lovett-Reid: A few things to consider if you're thinking of retiring amid pandemic, Early figures for new aid and EI provide glimpse of how post-CERB supports to be used, Pandemic exposes need for basic income program, expert says, Liberals make plea for seniors to file taxes as thousands at risk of losing benefits.

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