🔴 Emera is trading 4.03% down today after announcing an all-stock utility merger

Emera is trading 4.03% lower at $65.55 after announcing an all-stock merger with Canadian Utilities and ATCO.

• The deal would create a utility with approximately C$72 billion in enterprise value; Emera shareholders are expected to own about 60%.
• Closing is expected in the third or fourth quarter of 2027, subject to approvals.
• Utilities are up, so sector weakness does not explain the decline. Investors may weigh deal scale and execution; reporting cites no specific concern.