The Zhitong Finance App learned that Emera (EMA.US) agreed to acquire Canadian Utilities Ltd. through an all-share transaction of about 14.3 billion Canadian dollars (10 billion US dollars) to build a large-scale electricity and gas company with operations spanning from Florida to Alberta. The combined company's corporate value is approximately $72 billion and has 6 million customers, according to a statement issued on Tuesday. The two companies said it would be the largest single merger deal between Canadian companies and would form one of the top 20 North American utilities.

The Zhitong Finance App learned that Emera (EMA.US) agreed to acquire Canadian Utilities Ltd. through an all-share transaction of about 14.3 billion Canadian dollars (10 billion US dollars) to build a large-scale electricity and gas company with operations spanning from Florida to Alberta. The combined company's corporate value is approximately $72 billion and has 6 million customers, according to a statement issued on Tuesday. The two companies said it would be the largest single merger deal between Canadian companies and would form one of the top 20 North American utilities.