{"schema_version":"secwatch.filing_event.v1","accession":"0001993004-25-000130","form_type":"8-K","ticker":"NWE","cik":"0001993004","company_name":"NorthWestern Energy Group, Inc.","filed_at":"2025-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.772696+00:00","generated_at":"2026-05-17T11:35:20.797484+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Black Hills & NorthWestern to merge in all-stock deal; combined EV ~$15.4B","bullets":["Fixed exchange ratio: 0.98 BKH shares per NWE share; ~4% premium based on March VWAP.","Combined market cap ~$7.8B; BKH shareholders own ~56%, NWE ~44% on fully diluted basis.","Expected to close in 12-15 months pending HSR, state (MT, NE, SD, AR) and FERC approvals, plus shareholder votes.","Brian Bird (NWE CEO) to be CEO of combined company; Linn Evans (BKH CEO) to retire at close.","Merger expected to be accretive to each company's EPS in first full year; long-term EPS growth target 5-7%."],"urls":{"canonical":"https://secwatch.observer/filing/0001993004-25-000130","json":"https://secwatch.observer/filing/0001993004-25-000130.json","markdown":"https://secwatch.observer/filing/0001993004-25-000130.md","text":"https://secwatch.observer/filing/0001993004-25-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1993004/000199300425000130/0001993004-25-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1993004/000199300425000130/nwe-20250819.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:35:20.797484+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}