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| | Fortis: News Article |
 | | Fortis announced on September 15, 2003 that it entered into definitive share purchase agreements whereby it will acquire the Canadian regulated electricity assets of Aquila, Inc., a U.S. energy company based in Kansas City, for aggregate consideration of $1.36 billion subject to certain adjustments. |
 | | Fortis expects the Acquisition to be slightly dilutive to earnings in the early years following the closing of the Acquisition. |
 | | Fortis is a diversified, international, electric utility holding company with assets of $2 billion and annual revenues of approximately $800 million. |
| www.fortis.ca /News/Article.aspx?id=103 (576 words) |
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