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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 was part of the consortium with Royal Bank of Scotland Group (RBS) and Banco Santander, that announced on October 8, 2007, that an offer for 86% of outstanding ABN AMRO stock had been accepted, making way for the largest ever bank takeover in history. [5]
The stock of Fortis (NYSE:FTS, 30-year Financials) is believed to be fairly valued, according to GuruFocus Value calculation.
UniSource Energy was started in 1998 as the parent company for Tucson Electric Power. In 2003, the company acquired Citizens Communications's Arizona gas and electric operations in 2003 and renamed them UniSource Energy Services.
Insiders who bought Fortis Inc. ( TSE:FTS ) in the last 12 months may probably not pay attention to the stock's recent... Fortis Inc.'s stock is down 7.0%, but insiders still have about CA$370 in ...
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]
Central Hudson Gas & Electric Corporation was officially formed in 1925 after a merger of 80-plus independent electric and gas companies in the state of New York. [4] Later, CH Energy Group, Inc. was formed as a parent organization of Central Hudson Gas & Electric Corporation and a family of subsidiaries known as Central Hudson Enterprises Corporation (CHEC) in 2000. [4]
The European Multilateral Clearing Facility (EMCF) was a clearing house based in the Netherlands for equity trades done on stock exchanges or multilateral trading facility throughout Europe. It was established after the Markets in Financial Instruments Directive (MiFID) regulations were passed by the European Union allowing competition for ...