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A hydro tower is shown in Toronto on Wednesday, November 4, 2015. Ontario's Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. THE CANADIAN PRESS/Darren Calabrese
A hydro tower is shown in Toronto on Wednesday, November 4, 2015. Ontario's Hydro One says it is assisting Canadian law enforcement agencies in an ongoing investigation into a possible cyber threat against the electricity distributor. THE CANADIAN PRESS/Darren Calabrese

Bay Street takes new run at Hydro One offering Add to ...

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Investment banks that underwrote Hydro One Ltd.’s $2.8-billion equity sale are taking a second stab at selling a large chunk of the shares after investors balked at the initial deal.

Last week, Ontario Premier Kathleen Wynne’s Liberal government announced the bought-deal offering, selling 120 million shares at $23.25 apiece and reducing its stake in the Crown utility to 49.9 per cent.

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Andrew Willis: Why share buybacks aren't smart (right now) for Canada's energy sector (The Globe and Mail)
 
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