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Canadian Utilities Ltd Cl A NV(CU-T)

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Canadian Utilities Makes Exchange Proposal to Non-Controlling Class B Share Owners - Tue Oct 31, 2023

CALGARY, AB, Oct. 31, 2023 /CNW/ - Canadian Utilities Limited (TSX: CU) (TSX: CU.X)

Canadian Utilities Limited ("Canadian Utilities") today announced that its Board of Directors has determined to make a proposal to the holders of Class B common shares ("Class B Shares") other than ATCO Ltd. and certain of its related parties (collectively, "ATCO"). Subject to the approval of holders of Class B Shares ("Class B Share Owners"), the transaction will be effected by way of a court-approved plan of arrangement under the Canada Business Corporations Act (the "Arrangement").


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