Emera to sell Maine operations in deal valued at 18B including debt

HALIFAX — Emera Inc. has signed a deal to sell its operations in Maine to Enmax Corp. in a deal valued at $1.8 billion, including debt.Emera Maine is headquartered in Bangor and serves 159,000 customers in the northern part of the state.It is a regulated electric transmission and distribution company.Under the deal, Enmax will pay $1.29 billion plus assume roughly $500 million in debt. In American currency, the companies value the total deal at US$1.3 billion, including debt. The deal is expected to close late this year, subject to conditions and regulatory approvals, including by the Maine Public Utilities Commission and the U.S. Federal Energy Regulatory Commission. Companies in this story: (TSX:EMA) The Canadian Press read more

CoucheTard buying US convenience store Holiday deal includes over 500 locations

LAVAL, Que. – Alimentation Couche-Tard Inc. (TSX:ATD.B) says it has signed an agreement to buy Upper Midwest U.S. convenience store player Holiday.The transaction will see Quebec-headquartered Couche-Tard acquire 374 stores operated by Holiday and 148 franchisees.Minnesota-based Holiday has stores in 10 states, including six new to Couche-Tard.Couche-Tard CEO Brian Hannasch says the deal will give the convenience-store operator a particularly strong position in the Greater Twin Cities metropolitan area, with a population of 3.5 million.The company says details of the purchase price for the transaction could not be disclosed at this time.Couche-Tard’s Canadian banners include Mac’s, but it’s switching to Circle K as its global brand everywhere but Quebec, where Couche-Tard will remain the company’s main banner. by The Canadian Press Posted Jul 10, 2017 4:48 pm MDT Last Updated Jul 10, 2017 at 5:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Couche-Tard buying U.S. convenience store Holiday; deal includes over 500 locations read more