secwatch.observer — SEC 8-K summary
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Issuer:     ALLETE INC (—)
CIK:        0000066756
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001140361-25-045482
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ALLETE completes acquisition by CPP Investments and GIP for $67.00 per share in cash
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- Shareholders to receive $67.00 per share in cash shortly after closing; delisted from NYSE.
- CPP Investments and GIP commit ~$200M in benefits including one-year rate freeze, $50M rate credits.
- ALLETE remains locally managed in Duluth, MN with current leadership; board to be majority independent with regional members.
- Stub period dividend of $0.008 per share declared for holders who receive merger consideration, payable 5 business days after closing.
- All directors except Goldfarb, Nestegard, Nick, Owen resigned at closing; new board includes 14 members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66756/000114036125045482/0001140361-25-045482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66756/000114036125045482/ef20060780_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-045482

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