Business
OFFER TO LIGHT & POWER HOLDINGS LTD. SHAREHOLDERS
OFFER TO LIGHT & POWER HOLDINGS LTD. SHAREHOLDERS
About this update from Emera Incorporated
[{"type":"text","content":"\n\n\n\n Nov. 25, 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\nTORONTO, Nov. 25 /CNW/ - Emera Inc. ("Emera" - Toronto Stock Exchange\n listing: "EMA"), an existing shareholder of Light & Power Holdings Ltd.\n ("Light & Power Holdings" - Barbados Stock Exchange listing: "LPH") is\n pleased to announce that it intends to make an offer to the other\n shareholders of Light & Power Holdings to acquire additional issued\n common shares of Light & Power Holdings, subject to receipt of approval\n from the Barbados Securities Commission for such an offer. Light &\n Power Holdings is the parent company of the Barbados Light & Power\n Company Limited. Details of the offer will be forthcoming shortly.\n\n\nThe Barbados Securities Commission and the Barbados Stock Exchange have\n been informed of Emera's intention to make the offer for additional\n common shares of Light & Power Holdings.\n\n\nEmera acquired its current 38% of the common shareholding in Light &\n Power Holdings in May 2010 from Leucadia National Corporation.\n\n\nEmera Inc. (EMA and EMA.PR.A -TSX) is an energy and services company\n with $5.8 billion Canadian dollars in assets. Electricity is Emera's\n core business. Approximately 94% of Emera's revenues are earned by Nova\n Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the\n Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric\n utilities which together serve 603,000 customers. The Brunswick\n Pi...