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Under proposed transaction, Hydro One would acquire Avista in $5.3bn all-cash transaction

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contract Hydro One (TSX:H) and Avista (NYSE:AVA) on July 19 jointly announced a definitive merger agreement under which Hydro One would acquire Avista for $53 (C$67) per share in a $5.3bn (C$6.7bn) all-cash transaction. Together, the companies would “create a North American leader in regulated electricity an...

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