Atlantica Sustainable Infrastructure PLC (AY3.SG)
- Reuters
Energy Capital Partners to acquire Atlantica for $2.56 billion
Atlantica, which started a strategic review in February last year, will get $22 per share, a near 19% premium to the closing price on April 22, the last trading day before speculation over the UK-based company's possible takeover started. The price, however, is a 6.1% discount according to Atlantica shares' closing price in the previous session. Algonquin Power & Utilities, which holds about 42.2% of Atlantica shares, said it supports the acquisition.
- PR Newswire
Algonquin Power & Utilities Corp. Announces Its Support for Energy Capital Partners' Proposed Acquisition of Atlantica
Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced it has entered into a support agreement (the "Support Agreement") with a private limited company ("Bidco"), which is controlled by Energy Capital Partners, and Atlantica Sustainable Infrastructure plc (NASDAQ: AY) ("Atlantica"). AQN and its subsidiary Liberty (AY Holdings) B.V., which holds approximately 42.2% of the shares of Atlantica, have agreed, subject to the terms of the Support Agreement, to
- Simply Wall St.
Be Wary Of Atlantica Sustainable Infrastructure (NASDAQ:AY) And Its Returns On Capital
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
