Canada Pension Plan Investment Board and Global Infrastructure Management, LLC completed the acquisition of ALLETE, Inc. from The Vanguard Group, Inc., BlackRock, Inc. and others in a going private transaction.
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Canada Pension Plan Investment Board and Global Infrastructure Management, LLC completed the acquisition of ALLETE, Inc. from The Vanguard Group, Inc., BlackRock, Inc., and others for $3.9 billion. The transaction, valued at $6.2 billion including debt, was approved by all necessary regulatory bodies and ALLETE shareholders. ALLETE will become a private company, with its shares no longer trading on the NYSE. The acquisition includes all of ALLETE's businesses, which will continue to operate under their current names and management.
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