AltaGas Ltd.

09:42 AM EST - AltaGas Ltd. : Announced an agreement to sell its Alaskan Utilities to TriSummit Utilities Inc. for approximately $1.025 billion Canadian. The sale price represents 2.3x 2021 rate base and 29x 2021 allowed earnings. The transaction is anticipated to close no later than the first quarter of 2023 and will be subject to customary closing conditions, including State regulatory approvals. AltaGas Ltd. shares T.ALA are trading unchanged at $29.45.

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