ACO.Y ATCO Ltd

The Board of Directors of ATCO Ltd. has established a special committee of
independent directors of the Board to review the potential acquisition of ATCO
Frontec Corp., a wholly-owned subsidiary of Canadian Utilities Limited. The
mandate of the special committee is to investigate, review, assess and evaluate
the proposed transaction with the assistance of independent legal and financial
advisors. The committee is expected to make a recommendation to the Board of
Directors in the fourth quarter of this year. The proposed transaction is
subject to Board of Directors', regulatory and other applicable approvals and
there can be no assurance that acceptable terms will be concluded or that this
transaction will be completed.


The proposed transaction would allow ATCO Frontec and ATCO Ltd.'s wholly-owned
subidiary, ATCO Structures, to pursue a more efficient working relationship in
response to a changing global market. ATCO Structures manufactures, sells and
leases workforce housing and modular buildings around the world. ATCO Frontec
specializes in the rapid mobilization and delivery of site support and camp
services to the resource, defence, transportation and telecommunications
sectors.


ATCO Ltd., an Alberta-based worldwide organization of companies with assets of
approximately $8.2 billion and more than 7,800 employees, is comprised of three
main business divisions: Power Generation, Utilities (natural gas and
electricity transmission and distribution) and Global Enterprises (industrials,
technology, logistics and energy services).


Forward-Looking Information:

Certain statements contained in this news release include statements relating to
matters that are not historical facts. In particular, this news release
identifies a possible transaction relating to the acquisition of ATCO Frontec
Corp. from Canadian Utilities Limited. Such statements are forward-looking
statements. Such forward-looking statements involve known and unknown risks and
uncertainties that may cause the actual results, performance or achievements of
ATCO Ltd. to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. In
particular, there can be no assurance that a transaction will be completed.

Grafico Azioni ATCO (TSX:ACO.Y)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni ATCO (TSX:ACO.Y)
Storico
Da Lug 2023 a Lug 2024