M&A
confidence high
sentiment positive
materiality 0.70
Black Hills, NorthWestern shareholders approve merger; new name Bright Horizon Energy
BLACK HILLS CORP /SD/
- Shareholders approved stock issuance for merger (59.8M for, 1.5M against).
- Authorized shares increased from 100M to 300M; indebtedness limit raised from $8B to $20B.
- Company name to change to Bright Horizon Energy Corporation upon closing.
- Merger still subject to federal (HSR, FERC) and state (MT, NE, SD) approvals; expected close H2 2026.