Business
/C O R R E C T I O N from Source -- Emera Inc./
/C O R R E C T I O N from Source -- Emera Inc./
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\n Nov. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nIn c8664 distributed today at 2:43 pm EST, please note that the second\n sentence of the second paragraph has been expanded. Corrected copy\n follows:\n\n\nNOTICE TO SHAREHOLDERS OF LIGHT & POWER HOLDINGS LTD. \n\n\nTHE OFFER\n\n\nHALIFAX, Nov. 29 /CNW/ - Emera Inc. ("Emera" - Toronto Stock Exchange\n listing "EMA") wishes to advise all shareholders of Light & Power\n Holdings Ltd. ("Light & Power Holdings" - Barbados Stock Exchange\n listing: "LPH") of its intention to offer to purchase all issued and\n outstanding common shares in Light & Power Holdings at a cash price per\n share of BB$25.70 (twenty five Barbados dollars and seventy Barbados\n cents).\n\n\nAt the current U.S. dollar to Barbados dollar exchange rate, this offer\n is the same as the price Emera paid to Leucadia National Corporation\n when it acquired 38% of Light & Power Holdings in May 2010. This offer\n is subject to the approval of an Offer and Circular by the Barbados\n Securities Commission and the Barbados Stock Exchange, and if approved,\n a further notice will be provided and the Offer and Circular will be\n sent to all Light & Power Holdings shareholders.  A decision on these\n approvals is expected in December, 2010.\n\n\nLight & Power Holdings is the parent company of The Barbados Light &\n Power Company Limited ("BLPC").  BLPC is the sole electric utility\n operator on the i...