Emera and Canadian Utilities to merge, creating $50 billion company
EMA•Emera and Canadian Utilities said they would merge to create a company with an enterprise value of about C$72 billion ($50.46 billion). Emera shareholders are expected to own about 60% of the combined company and Canadian Utilities shareholders about 40%.
1. Merger terms
The combined company will operate as Emera and maintain its public company headquarters in Halifax. The deal is expected to close in the third or fourth quarter of 2027.
