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Article: Utilities Co. shares purchase.(THE REGION)

Article from:
Caribbean Update
Article date:
September 1, 2009
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UTILITIES CO. SHARES PURCHASE. Fortis Inc. on July 22 announced that it has acquired, through its wholly owned subsidiary Fortis Energy (Bermuda) Ltd., 768,200 Class A Ordinary Shares of Caribbean Utilities Company, Ltd. for US$8.00 per share (about CDN$8.78 per share). As a result of this acquisition of CUC Shares, Fortis now indirectly owns 16,757,528 CUC Shares, having increased its beneficial ownership position by about 2.7% to about 59.5% of the issued and outstanding CUC ...

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