Claims extracted
17
sentences that state something as happening or true
Uncertain
0%
0 of 17 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
63/100
Global News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Emera Inc. and ATCO subsidiary Canadian Utilities Ltd. are joining up in an all-stock merger, forming an energy “powerhouse” worth $72 billion that would rank among the continent’s largest utilities.
asserted
that → join → utilities
The company brings together the Halifax-based utility, which also has operations in the United States and the Caribbean, with Calgary-based Canadian Utilities, which is also active in Canada’s North, Mexico, Australia and Puerto Rico.
“As demand rises from electrification trends and major infrastructure development, the combined company will be better positioned to help meet growing energy needs and power Canada’s growth ambitions,” said Scott Balfour, Emera’s chief executive.
asserted
Balfour → bring → ambitions
Under the agreement, Emera will acquire Canadian Utilities and Atco Ltd., which owns a controlling stake in Canadian Utilities.
asserted
which → acquire → Utilities
It operates several commercial and retail utility businesses under the ATCO banner, such as ATCO Gas and ATCO Electric.
asserted
It → operate → Gas
Meanwhile, Atco’s industrial services business will be spun out as a new public company.
asserted
business → spin → company
It will be made up of housing, defence and investments, including ports and retail energy, and will be led by Atco CEO Nancy Southern, whose grandfather founded the company eight decades ago.
asserted
grandfather → make → company
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“The combined Emera/Canadian Utilities company will have the scale, capabilities and capital to invest in critical energy and infrastructure projects that support growing demand, while New Atco will be positioned to accelerate growth in housing, defence and industrial services,” Southern said in a news release.
asserted
Southern → get → release
Emera and ATCO said the transaction is expected to be the largest merger in history between two Canadian companies.
asserted
transaction → say → companies
- Curaleaf sweetens Aurora Cannabis takeover offer after past rejection
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asserted
Curaleaf → sweeten → rejection
2nd potential AI data centre worries Saint John residents: ‘We have questions’
asserted
We → worry → questions
- Suncor sells of N.L. offshore assets, other oilsands giant bulks up Alberta holdings
asserted
giant → sell → holdings
Cenovus Energy looks to grow as it signs $5.7B deal to buy Athabasca Oil
Atco shareholders will receive an interest in both the combined energy company, Emera and the purpose-built new Atco.
asserted
shareholders → look → company
“Together, these companies are expected to be better equipped to pursue opportunities created by economic growth, infrastructure expansion and increasing focus on security and resilience, creating long-term value for shareowners and Canadians alike.”
asserted
companies → expect → shareowners
ATCO, which stands for “Alberta Trailer Company,” was founded by a S.D. Southern and his son Ron in Calgary in 1947 to provide utility trailers and worker accommodations during Canada’s first big oil boom.
asserted
which → stand → boom
The ATCO Group of companies later expanded into the natural gas and petroleum as well as electricity industries.
asserted
Group → expand → industries
The new utility company, which will operate under the Emera banner, will continue to be based in Halifax, but maintain Canadian Utilities’ corporate and operational headquarters in Calgary and Edmonton, as well as in Perth, Australia.
asserted
which → operate → Perth
Existing Emera shareholders are expected to own about 60 per cent of the combined utility, while former Atco and Canadian Utilities shareholders are expected to own about 40 per cent.
asserted
shareholders → exist → cent
The Aporia
