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Stock Market & Financial Investment News

News Breaks
June 13, 2014
15:37 EDTUNSUNS Energy, Fortis announce early termination of HSR waiting period
Fortis and UNS Energy announced the receipt of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced acquisition of UNS Energy by Fortis. Termination of the waiting period under the HSR Act satisfies one of the last remaining conditions necessary for consummation of the transaction. The transaction received UNS Energy shareholder approval in March and approval from the Federal Energy Regulatory Commission and the Committee on Foreign Investment in the U.S. in April and May, respectively. The transaction remains subject to review by the Arizona Corporation Commission and the satisfaction of other customary closing conditions.
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