Press digest—Canada—October 6
EMA•Canadian newspaper stories reported that Emera would acquire Canadian Utilities in an all-stock deal worth C$14.3 billion ($10.05 billion); they also reported an effort to pursue an IPO for McCain Foods and a plan to make Canada’s Defence Investment Agency a Crown corporation.
1. Emera deal
Emera reportedly said it would acquire Canadian Utilities in an all-stock deal worth C$14.3 billion ($10.05 billion), creating one of Canada’s largest utilities as power companies seek scale amid booming electricity demand.
2. McCain Foods IPO
Eleanor McCain is reportedly calling a family meeting to discuss an initial public offering of privately owned McCain Foods, as she steps up her campaign for an exit.
3. Defence agency plan
Canada reportedly plans to turn its Defence Investment Agency into a Crown corporation, three sources said. The change would give the organization and chief executive Doug Guzman far more decision-making authority.
