Avista and Hydro One Abandon $5.3 Billion Merger Following Regulator Rejection
Hydro One Ltd. and Avista Corp. have decided to terminate plans to merge after regulators in Washington and Idaho refused to approve the deal, according to a Jan. 23 press release. After weighing the chances of getting those decisions reversed, both companies have decided to kill the plan, with Hydro One having to pay Avista a $103 million termination…
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