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Global Infrastructure Partners and Canada Pension Plan buy Allete for $6.2 billion

It's turning out to be a merger Monday in the US.

Global Infrastructure Partners and the Canada Pension Plan have struck a deal to buy US-listed energy provider Allete for $6.2 billion, or $67 a share, in cash.

Below is a link to the press release in case you missed it:..

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Date: Monday, 6 May 2024, 2:22 pm

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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