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AQN / Algonquin Power & Utilities kills deal to buy Kentucky Power

Algonquin Power & Utilities Corp (TSX:AQN) announced that it has mutually agreed with American Electric Power to terminate Algonquin's pending $2.65 billion all-stock takeover of Kentucky Power Company and AEP Kentucky Transmission Company, Inc. The diversified international generation, transmission, and distribution utility company cited “the evolving macro environment” as its primary concern, adding that it is not required to pay a termination fee. “Looking forward, AQN remains supported by a high-quality asset base, a strong balance sheet, and is well-positioned to deliver sustainable, long-term growth, capitalize on the energy transition and create value for shareholders,” Algonquin Power & Utilities CEO Arun Banskota said in a statement. Read More

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Content Topics

Algonquin

Power

Utilities

Kills

Deal

Kentucky

Stock

AQN

Posted: Apr 17 2023, 14:58

Author Name: Proactive Investors

AQN News

By PRNewsWire
October 11, 2023

Algonquin Power & Utilities Corp. Announces Date for Third Quarter 2023 Financial Results and Conference Call

OAKVILLE, ON , Oct. 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its thir

By Seeking Alpha
October 4, 2023

Algonquin: Nearly Entered Penny Stock Status - Why You Should Avoid

Algonquin Power & Utilities Corp investors have witnessed the worst hammering as the Fed broke its growth story. Investors are preparing for a higher-

By Seeking Alpha
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Algonquin: Billionaire Says Observe Carefully When The Tide Goes Out

Algonquin Power & Utilities Corp. has faced challenges due to high debt and poor capital allocation policy. Valuation entered a buy-zone in the last f

By Zacks Investment Research
August 9, 2023

Is a Surprise Coming for Algonquin (AQN) This Earnings Season?

Algonquin (AQN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

By InvestorPlace
July 24, 2023

The 7 Most Undervalued High-Yield Stocks to Buy Now July 2023

When it comes to selecting the best dividend stocks, an approach worth exploring is focusing on undervalued high-yield stocks. It's easy to conflate

By CNBC
July 8, 2023

Activist Starboard prepares the groundwork to reduce leverage and build value at Algonquin Power

Algonquin Power will be conducting a strategic review of its renewables business.

By Seeking Alpha
July 6, 2023

Algonquin: Why We Think It's A "Hold" At Best

Algonquin Power & Utilities' stock has declined by 38% in the last 12 months, partly due to a 40% cut in its dividend in March. The company's higher c

By Market Watch
July 6, 2023

Algonquin Power and Utilities can boost earnings, its dividend and its stock with proper sale of renewables assets, Starboard says

Activist investor Starboard Value LP believes Algonquin Power & Utilities Corp. AQN CA:AQN could boost shareholder value, raise its dividend and cut i

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