Brief: Starboard Sends Letter To Algonquin Power & Utilities Regarding Opportunities To Enhance Shareholder Value

Algonquin Power & Utilities

06/07/2023 14:10

July 6 (Reuters) - Algonquin Power & Utilities Corp
 AQN.TO :
    * STARBOARD SENDS LETTER TO ALGONQUIN POWER & UTILITIES
REGARDING
OPPORTUNITIES TO ENHANCE SHAREHOLDER VALUE
    * STARBOARD VALUE - LOOKS FORWARD TO CONTINUING TO
CONSTRUCTIVELY
ENGAGE WITH ALGONQUIN POWER & UTILITIES BOARD AND ITS STRATEGIC
REVIEW COMMITTEE
    * STARBOARD: PROPERLY EXECUTED SALE OF ALL/MAJORITY OF
ALGONQUIN
POWER'S UNREGULATED RENEWABLES BUSINESS CAN SPEED EFFORTS TO
LOWER DIVIDEND PAYOUT RATIO
    * STARBOARD VALUE - DELIVERS SPECIFIC SUGGESTIONS TO HELP
GUIDE
ALGONQUIN'S PUBLICLY DISCLOSED REVIEW PROCESS FOR RENEWABLES
BUSINESS
    * STARBOARD: WOULD EXPECT ALGONQUIN, WITH ITS WATER UTILITY,
TO
TRADE AT A PREMIUM TO OTHER REGULATED UTILITIES
    * STARBOARD: IF ALGONQUIN, WITH ITS WATER UTILITY, DOES NOT
TRADE
AT PREMIUM, IT HAS OPPORTUNITY TO CREATE VALUE VIA SEPARATION OF
WATER UTILITY BUSINESS

Source text for Eikon:  ID:nPnbw2MkQa 
Further company coverage:  AQN.TO 

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