(Investorideas.com
Newswire) a go-to platform for big investing ideas, including
renewable energy stocks issues a trading and news alert for Boralex
Inc. (TSX: BLX).
Boralex Inc. (TSX: BLX) makes the TSX top percentage gainers list today following news it
is being acquired by Prime Minister Carney’s Brookfield. The stock
is trading at $36.60, up $3.60, gaining 10.89% on a volume of over
2.7 million shares as of this report.
Mark Carney, former Bank of Canada and Bank of England governor and
now Prime Minister of Canada, served as Vice Chair and Head of
Transition Investing at Brookfield Asset Management from 2020 to
2024.
Gemini Google: “Critics focus on his
significant unexercised stock options and the company’s
investments in, or ownership of, companies in sectors like housing
and renewable energy, which he now faces questions about managing
through a trust.”
Boralex Inc. (TSX: BLX), Brookfield, and La Caisse announced today
that they have entered into a definitive arrangement agreement
whereby Brookfield and La Caisse (together, the
“Purchaser”) will acquire all of
Boralex Inc.’s issued and outstanding Class A common shares of
Boralex for a price of $37.25 in cash per common share.
The transaction follows an extensive review undertaken by a special
committee comprised entirely of independent directors (the “Special Committee“) of Boralex’s board of directors (the “Board of Directors”) to maximize shareholder value, finance Boralex’s strong
pipeline, and position the corporation for its next phase of growth.
The transaction provides Boralex with the support of long-term
investors aligned with its business model and growth ambitions,
building on its 35-year experience to further contribute to the
economic growth, energy security, and decarbonization of its core
markets in Canada, the United States, France, and the United
Kingdom.
Boralex will operate independently following the close of the
transaction. Similar to the benefits realized across
Brookfield’s other platforms, the investment from Brookfield
and La Caisse will help advance the corporation’s mission of
delivering affordable, renewable energy and enable it to meet
growing demand driven by electrification, reindustrialization, and
digitalization.
About Boralex
At Boralex, we have been providing affordable renewable energy
accessible to everyone for over 35 years. As a leader in the
Canadian market and France’s largest independent producer of onshore
wind power, we also have facilities in the United States and in the
United Kingdom. Over the past five years, our installed capacity has
increased by more than 50%, reaching 3,783 MW as at December 31,
2025. We are developing a portfolio of projects in development and
construction of 8.2 GW in wind, solar and BESS projects, guided by
our values and our corporate social responsibility (CSR) approach.
Recognized as Best Corporate Citizen in Canada by Corporate Knights,
Boralex is actively participating in the fight against global
warming. Thanks to our fearlessness, our discipline, our expertise
and our diversity, we continue to be an industry leader. Boralex’s
shares are listed on the Toronto Stock Exchange under the ticker
symbol BLX.
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