Boralex, Brookfield and La Caisse have announced that they have entered into a definitive arrangement agreement, whereby Brookfield and La Caisse 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 comprising independent directors of Boralex’s 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 close of the transaction. Similar to the benefits rea
