Kirkland & Ellis LLP advised Avista Corporation (NYSE: AVA), an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses, on its agreement to be acquired by Hydro One Limited (TSX: H), Ontario’s largest electricity transmission and distribution provider, for $5.3 billion. The combination will create a North American leader in regulated electricity and natural gas business with over $25.4 billion in combined assets. The transaction is expected to close in the second half of 2018 and is subject to Avista common shareholder approval and certain regulatory and government approvals and clearances. The full press release is available here.
The Kirkland team was led by corporate partners George Stamas and Alexander Fine as well as Andrew Calder and Brendan Reed; litigation partner James Gillespie; and executive compensation partner Scott Price.