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On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. [10] On February 9, 2016, Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States, for US$11.3 billion in cash and stock. [11]
Fortis encountered severe problems in the financial crisis of 2008, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a ...
On August 24, 2004, the company restated its net income, and the new figure is $113.9 million in 2003, $34.9 million in 2002 and $63.8 million in 2001. [2] The company changed its name to UNS Energy in 2012. [3] In 2013, Fortis announced its acquisition of UNS and completed this in August 2014. [4]
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Central Hudson and Fortis File Response to Recommended Decision POUGHKEEPSIE, N.Y.--(BUSINESS WIRE)-- CH Energy Group, Inc. subsidiary Central Hudson Gas & Electric Corporation and Fortis Inc ...
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National Supply Company 0.768 8.3 3 1957 American Can Company [34] Marathon Corporation 0.717 7.8 4 1955 Monsanto [35] Lion Oil: 0.550 6.3 5 1956 Continental Can Company [36] Robert Gair Company: 0.549 6.2 6 1954 Olin Industries [37] Mathieson Chemical: 0.500 5.7 7 1955 Sunray Oil Corporation [38] Mid-Continent Petroleum Corporation 0.486 5.5 8 ...
The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]