Emera to Take over TECO Energy for US$10.4 Billion

摘要

Emera Inc., an energy company in Canada has decided to taker over TECO Energy Inc., USA. The total takeoveramount including debts (about US$3.9 billion) is US$10.4 billion and the shareholders of TECO Energy will getUS$27.55 per share in this company (Total amount: about US$6.5 billion) in cash.Emera‘s takeover of TECO Energy is scheduled for completion in the middle of 2016. After the takeover iscompleted, TECO Energy will become a wholly owned subsidiary of Emera.