09:50 AM EST - Algonquin Power & Utilities Corp. : announced that in connection with the previously announced acquisition of Park Water Company, Emera Inc. has agreed to subscribe to a private placement of subscription receipts convertible into 3,316,583 APUC common shares, subject to regulatory approval, for total proceeds of approximately $33 million. Proceeds of the subscription receipts will be used to partially fund the acquisition of Park Water. Algonquin Power & Utilities Corp.
shares T.AQN are trading down $0.33 at $9.76.
