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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]
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 ...
At the current share price, this would represent €160 million worth of shares, but the implementation of the contract is not straightforward, as shares of Fortis Bank Nederland are involved. At the time the contract was drawn up, that was a non-issue as Fortis Bank held all the shares of Fortis Bank Nederland, but it is less clear now.
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]
Fortis Bank in Delft. Fortis was the largest Belgian bank in early 2008, positioned mainly in the Benelux. From mid-2008 onwards, the bank began facing severe liquidity problems and its stock value began rapidly declining. The problem was exacerbated by the earlier acquisition of the Dutch bank ABN Amro, which had depleted Fortis' capital. [3]
Stock name Symbol Country of origin A. O. Smith Corporation: AOS: US A10 Networks, Inc. ATEN: US AAC Holdings Inc. AAC: US AAR Corporation: AIR: US Aaron's Inc.
Ageas is a Belgian multinational insurance company co-headquartered in Brussels.Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
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