Innergex Renewable Energy to acquire Alterra Power Corp.

Innergex Renewable Energy Inc. (TSX:INE) (“Innergex”) and Alterra Power Corp. (TSX:AXY) (“Alterra”) are pleased to announce today that they have entered into an arrangement agreement pursuant to which Innergex will acquire all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra’s debt (the “Transaction”). The Transaction is subject to approval by Alterra’s shareholders and other customary closing conditions. Pursuant to the Transaction, Alterra shareholders will receive an aggregate consideration which will consist of approximately 25% in cash and 75% in common shares of Innergex. The price of $8.25 per Alterra Common Shares implies a premium of 58% to Alterra’s 20-day volume weighted average price of $5.21 on the TSX as of October 27, 2017.

Press release

Michel Letellier’s Message

Documents

Pro Forma Post-Transaction Overview

Webcast – Acquisition of Alterra Power Corp. by Innergex Renewable Energy (PDF)

Conference call – Acquisition of Alterra Power Corp. by Innergex: