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1. • Fortis will acquire ITC

     • Fortis Inc. ("Fortis") (FTS.TO) and ITC Holdings Corp. ("ITC") (ITC) announced today that they have entered into an agreement and plan of merger pursuant to which Fortis will acquire ITC in a transaction (the "Acquisition") valued at approximately US$11.3 billion.
     Reference:

     Fortis Inc. to Acquire ITC Holdings Corp. for US$11.3 Billion

2. People also ask

   Will Fortis buy ITC?

   • Perry, 51, said Fortis would take some time to digest the Feb. 9 ITC purchase, and invest in new organic projects, before it began hunting for more deals again. He said Fortis would continue to focus its acquisition strategy in the U.S. because “we don’t really see much opportunity” in Canada.

   Fortis completes acquisition of ITC, eyes renewable power shift for

   financialpost.com/commodities/energy/fortis-completes-acquisition-of-itc-eyes-renewable-power-shift-for-growth

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   What is the merger between Fortis and ITC?

   • Fortis Inc. and ITC Holdings Corp. have entered into an agreement and plan of merger (the “Acquisition”). In this merger, Fortis will acquire ITC in a transaction valued at approximately US$11.3 billion.

   FORTIS INC. TO ACQUIRE ITC HOLDINGS CORP. FOR US$11.3 BILLION …

   www.itc-holdings.com/newsroom/newsroom-details/fortis-inc-to-acquire-itc-holdings-corp-for-us11-3-billion

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   How much will ITC shareholders receive from Fortis?

   • ITC shareholders will receive approximately US$6.9 billion in Fortis common shares and cash at closing under the terms of the Acquisition. Fortis will also assume approximately US$4.4 billion of consolidated ITC indebtedness.

   FORTIS INC. TO ACQUIRE ITC HOLDINGS CORP. FOR US$11.3 BILLION …

   www.itc-holdings.com/newsroom/newsroom-details/fortis-inc-to-acquire-itc-holdings-corp-for-us11-3-billion

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   Should you buy Fortis Inc (Fortis)?

   • Fortis Inc. has a healthy return on equity of 7.38%, demonstrating efficient use of shareholder equity. Investors should be bearish about investing in Fortis Inc. for these reasons: Fortis Inc. has a high debt-to-equity ratio of 128.89, which may pose risks in terms of financial leverage.

   Fortis (FTS) Stock Price, News & Analysis - MarketBeat

   www.marketbeat.com/stocks/TSE/FTS/

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   Is fortis a US utility company?

   • In a research note Friday, Andrew Bischof, a senior equity analyst with Morningstar, said the acquisition of ITC transforms Fortis into apredominantly-U.S. utility company, as 60 per cent of Fortis’ earnings are now expected to come from ITC and other recent acquisitions south of the border.

   Fortis completes acquisition of ITC, eyes renewable power shift for

   financialpost.com/commodities/energy/fortis-completes-acquisition-of-itc-eyes-renewable-power-shift-for-growth

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   Is fortis a regulated company?

   • As a result of this acquisition, Fortis became one of Alberta's major regulated electrical distribution companies, serving 415,000 Albertans in 2005. ATCO Electric is Alberta's other regulated distribution company. Also as a result of the 2003 acquisition, Fortis owns regulated generation, transmission, and distribution assets in British Columbia.

   Fortis Inc. - Wikipedia

   en.wikipedia.org/wiki/Fortis_Inc.

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3. financialpost.com › commodities › energyFortis completes acquisition of ITC, eyes renewable power ...

   financialpost.com › commodities › energy

   Oct 14, 2016 · Fortis Inc extends reach into U.S. with US$11.3B deal for power-line operator ITC Holdings Corp Perry, 51, said Fortis would take some time to digest the Feb. 9 ITC purchase, and invest in new organic projects, before it began hunting for more deals again.

   • Author: Geoffrey Morgan

4. finance.yahoo.com › news › fortis-inc-acquisitionFortis Inc. Acquisition of ITC Holdings Corp. Approved by ...

   finance.yahoo.com › news › fortis-inc-acquisition

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   Aug 16, 2016 · Fortis Inc. and ITC Holdings Corp. today announced the final approval of the Oklahoma Corporation Commission of the Corporation's application to acquire ITC.

5. finance.yahoo.com › news › fortis-inc-gicFortis Inc. and GIC Acquisition of ITC Holdings Corp ...

   finance.yahoo.com › news › fortis-inc-gic

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   Sep 26, 2016 · Fortis Inc. , ITC Holdings Corp. and GIC Private Limited today announced that the Federal Energy Regulatory Commission has authorized the acquisition of ITC by Fortis and a subsidiary of...

6. www.power-grid.com › td › fortis-inc-completesVIDEO: Fortis Inc. completes acquisition of ITC Holdings Corp.

   www.power-grid.com › td › fortis-inc-completes

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   Oct 14, 2016 · Fortis Inc. and GIC Private Limited announced today the closing of the about $11.3 billion acquisition of Novi, Michigan-based ITC Holdings Corp. Fortis is now among the top 15 North American regulated investor-owned utilities ranked by enterprise value.

7. www.dbusiness.com › daily-news › canada-based-fortisCanada-based Fortis Acquires Novi’s ITC Holdings for $11B

   www.dbusiness.com › daily-news › canada-based-fortis

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   Feb 9, 2016 · The Canada-based electric and gas utility Fortis Inc. today announced it will buy Novi-based ITC Holdings Corp., one of the United States' largest independent electric transmission companies, for $11.3 billion.

   • Author: Adrienne Roberts

8. seekingalpha.com › article › 4009830-fortis-inc-s-11Fortis Inc.'s $11.3 Billion Bid For ITC Holdings Receives ...

   seekingalpha.com › article › 4009830-fortis-inc-s-11

   This blockbuster deal for ITC Holdings Corp. (ITC) comes at a cost of $11.3 billion, but for Fortis this company represents the largest independent utility company available in the United...

9. ca.finance.yahoo.com › news › canadian-utilityCanada's Fortis bulks up regulated power business with ITC buy

   ca.finance.yahoo.com › news › canadian-utility

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   Feb 9, 2016 · ITC shareholders will get $45 per share – $22.57 in cash and 0.7520 Fortis shares for each share they hold – a 14 percent premium to the stock's closing price on Monday. ITC's transmission...