Hydro One (OTC:HRNNF) - Avista (AVA) Acquisition
Spread: 5%. Expected closing: March 29th 2019
A large cap U.S. merger between Ontario’s largest electricity transmission and distribution provider Hydro One and electricity and a natural gas distributor Avista. The acquisition was announced in July 2017 and since then has acquired most of the approvals, including shareholder, federal and a few of the states, so only blessings from Washington, Idaho and Oregon Utility commissions are left. Collecting the approvals throughout the year was more or less a smooth process, however due to