Hawaiian Electric Industries to be acquired by Florida's NextEra Energy in $4.3B deal
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Posted By: Hija Chang on December 05, 2014 Hawaiian Electric Industries will be acquired by Florida-based NextEra Energy Inc., one of North America's top producers of wind and solar energy, in a deal valued at about $4.3 billion, the two companies said Wednesday. The total value to HEI shareholders is estimated to be $3.5 billion or about $33.50 per HEI share. On Wednesday, HEI's stock closed at $28.19 per share. Additionally, HEI shareholders get 0.2413 shares of NextEra Energy for each share they own valued at $25 per HEI share, a one-time dividend of 50 cents a share and an estimated $8 per share for the American Savings Bank spinoff, which is tax-free. More: http://www.bizjournals.com/pacific/news/20... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Hija Chang
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
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