Deals
Northland Power Scraps Sale Without Finding Buyer
- Canadian company announced strategic review last July
- Bidders had balked at valuation of renewable energy producer
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Northland Power Inc., the C$4 billion ($3.1 billion) Canadian renewable energy producer, failed to find a buyer after running a sale process, according to people with knowledge of the matter.
Shares in Toronto-listed Northland fell as much as 3.9 percent to C$22.10 Wednesday morning and traded at C$22.84 at 9:51 a.m.