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Energy company Emera plans to buy Teco Energy for $6.48B

2015-09-05 13:49:21| Energy - Topix.net

Canadian energy and services company Emera said Friday it will buy Teco Energy, an electric and gas utility that does business in Florida and New Mexico, for about $6.48 billion. Emera Inc. said it will pay $27.55 per share of Teco Energy, a premium of about 31 percent over Friday's closing stock price.

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