10:56 AM EST - AltaGas Ltd. : Has entered into a definitive agreement to indirectly sell 35% of its interest in the Northwest British Columbia Hydro Electric Facilities for $922 million. The purchase price implies a 2017 EBITDA multiple of approximately 27 times and a total value of over $2.6 billion on a 100% basis for the Facilities. The sale of the interest in the Facilities is part of the larger funding strategy related to AltaGas' acquisition of WGL, and represents almost half of the approximate $2 billion in asset sales to be raised. AltaGas Ltd.
shares T.ALA are trading up $0.50 at $25.63.
