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Capital Power Buys Bridgeport For $355M
Capital Power will acquire U.S. natural gas utility, Bridgeport Energy.
Capital Powerwill acquire U.S. natural gas utility,Bridgeport Energy, Reuters reports. The Canadian power producer will pay around $355 million for the acquisition.
The Edmonton-based company intends to fund the acquisition though debt and equity. Capital Power is seeking to raise $207.4 million by offering 8.1 million shares to a syndicate of underwriters co-led byTD SecuritiesandCIBC World Markets.
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