Allete takeover will get a recommendation from Minnesota PUC's ALJ by July 15 [Seeking Alpha]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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US:NYSE Investor Relations:
investor.allete.com/investor-relations
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Source: Seeking Alpha
set to get a recommendation from Minnesota's Public Utilities Commission no later than mid-July of next year. The Minnesota PUC's administrative law judge will give a recommendation to support or go against the deal to the regulator's five commissioners no later than July 15, 2025, according to a webcast of a meeting before the state's PUC on Thursday. Representatives for Minnesota's Attorney General's office and representatives for the companies said they would be amenable to a settlement if one could be worked out at some point. CPP Investments and GIP announced in May that they would acquire Allete ( ALE ) for $67/share in cash, or $6.2B including debt. Shareholder approved the deal last month. The deal remains subject to regulatory approvals from the Minnesota PUC, the Public Service Commission of Wisconsin, and the Federal Energy Regulatory Commission. Allete ( ALE ) originally said it expected to complete the transaction in mid-2025. Shares of Allete ( ALE ticked higher
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ALE
News
- Allete to build two large solar projects in northern Minnesota [Seeking Alpha]Seeking Alpha
- Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energy [Yahoo! Finance]Yahoo! Finance
- Minnesota Power plans two large solar projects in northern Minnesota as part of its EnergyForward strategy for carbon-free energyBusiness Wire
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- New Energy Equity achieves Gold Certification for advancements on DEIJ issuesPR Newswire
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 9/25/24 - Form SD
- 9/23/24 - Form 4
- 9/23/24 - Form 3
- ALE's page on the SEC website