The $60.25 per-share offer, which Fortis intends to pay in cash, is a 31% premium to UNS's closing price Wednesday. Investors cheered the news, sending UNS shares up 30% to $59.52 in after-hours trading.
Fortis to buy UNS Energy for about $2.5 billion
Fortis to buy UNS Energy for $2.5 billion
Washington Post (blog)
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