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Benzinga
Benzinga
Business
Akanksha Bakshi

Black Hills, NorthWestern Energy To Merge, Strengthening Regional Utility Footprint

Black Hills Northwestern BKH NWE Nasdaq
Merger,And,Acquisition,Business,Corporate,Cooperation,Company,Concept.,Ma,Partnership

Black Hills Corp. (NYSE:BKH) and NorthWestern Energy Group Inc. (NASDAQ:NWE) unveiled plans on Tuesday to merge in an all-stock, tax-free transaction. The merger would create a regulated utility giant with a market capitalization of roughly $7.8 billion and an enterprise value of $15.4 billion.

The deal, unanimously approved by both boards, aims to form a stronger regional provider of electricity and natural gas across the central United States.

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