Transaction to grow Emera’s investment in the Caribbean region and simplify the structure of its operations. 

Emera, which currently owns 80.67% controlling interest in Emera (Caribbean) Inc. (ECI), is offering to acquire the interest of the public minority shareholders. 

The Offer value of BB$33.30 per share is a 30% premium to the current share price, for a total consideration of approximately BB$110 million, valuing ECI at approximately BB$570 million.

Shareholders can elect to receive BB$33.30 cash or 2.100 Emera depositary receipts (“DRs”) per ECI share.  Each DR represents an interest in one quarter of an Emera common share.  An application has been filed to list the DRs on the Barbados Stock Exchange.  DRs give Barbadians the ability to invest in the growth and success of Emera. DRs are not being offered to Shareholders who are residents of the United States. Each Shareholder in the United States shall receive $33.30 in cash for each ECI Share being acquired.   

The transaction was unanimously recommended by independent ECI directors.

No changes are planned to the management teams or operations at Barbados Light & Power Co. Ltd. and Dominica Electricity Services Ltd.

A Shareholders’ Forum hosted by senior executives of Emera and ECI will be held at the Hilton Barbados Resort (Ballroom), Needhams Point, St. Michael, Barbados, at 6:00 pm on December 7, 2015.

Read full news release here.

Please also click on the links below to view related documents.

Notice to all shareholders of Emera (Caribbean) Incorporated ("Company")

Offer to purchase all of the outstanding common shares of Emera (Caribbean) Incorporated

Director's Circular