What happened to Atlantic Power Corp?
Emma Jordan
All of the common shares of Atlantic Power (“Common Shares”) were acquired for US$3.03 in cash per Common Share (less applicable withholdings). All of the preferred shares of Atlantic Power Preferred Equity Ltd. (“APPEL”) were acquired by APPEL for C$22.00 in cash per preferred share (less applicable withholdings).
What does Atlantic power do?
Atlantic Power is an independent power producer that owns power generation assets in eleven states in the United States and two provinces in Canada.
Who are the Atlantic powers?
Overview. Atlantic Power is an independent power producer that owns power generation assets in eleven states in the United States and two provinces in Canada.
What does capital power do?
Capital Power develops, acquires, owns and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 5,100 megawatts of power generation capacity at 25 facilities across North America.
What’s the stock price of Atlantic Power Corp?
NYSE:AT has reached the end of the line in terms of being a publicly-traded company, and the struggling utilities firm that services the United States and Canada gave its shareholders one last surge.
What was the value of the Atlantic Power deal?
NYSE:AT surged by 39.05% to close the trading week on Friday. The agreement will take Atlantic Power private and remove it from the NYSE. The total value of the deal for Atlantic Powers comes in at $961 million, or $3.03 per share for shareholders.
Who are the institutional investors in Atlantic power?
AT stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Royal Bank of Canada, Renaissance Technologies LLC, Walthausen & Co. LLC, Morgan Stanley, Bank of New York Mellon Corp, Goldman Sachs Group Inc., and BlackRock Inc..
What are the analyst ratings for Atlantic power?
There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “buy” Atlantic Power stock. View analyst ratings for Atlantic Power or view top-rated stocks. What stocks does MarketBeat like better than Atlantic Power?