Montana Regulators Set to Vote on Black Hills-NorthWestern Merger Before Nov. 12
BKH sits 27% above its 52-week low of $62.265.
Summary
Black Hills said the Montana Public Service Commission is expected to take up its merger with NorthWestern Energy before Nov. 12. That is the key remaining state approval for the $4.4 billion all-stock combination disclosed in the August 17 pro forma filing. A favorable vote would clear the largest regulatory hurdle and put the deal on track to close; a rejection or delay would stall it. NorthWestern (NWE) is the other party and carries the same binary outcome. Watch the Montana PSC docket for a scheduled vote or order before Nov. 12.
At the time of this announcement, BKH was trading at $79.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6B. The 52-week trading range was $62.27 to $79.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.