AEP cuts Kentucky operations sale deal value by $200 mln, extends timeline
American Electric Power said on Friday it would sell its Kentucky operations at about 7% lower enterprise value of $2.65 billion to a unit of Algonquin Power Utilities Corp compared with the original deal. AEP expects to receive about $1.2 billion in cash, net of taxes and transaction fees, instead of its original estimate […]
AEP cuts Kentucky operations sale deal value by $200 mln, extends timeline
American Electric Power said on Friday it would sell its Kentucky operations at about 7% lower enterprise value of $2.65 billion to a unit of Algonquin Power Utilities Corp compared with the original deal. AEP expects to receive about $1.2 billion in cash, net of taxes and transaction fees, instead of its original estimate […]