Brief: Spark Energy announces acquisition of Major Energy and Provider Power

Via Renewables

04/05/2016 21:00

May 4 (Reuters) - Spark Energy Inc  SPKE.O  
    * Reports first quarter 2016 financial results, announces 
acquisition of major energy and provider power 
    * Co, unit has entered into a purchase and sale agreement 
for acquisition of Major Energy 
    * Says co is financing purchase price payable at closing 
through issuance of 900,000 shares to Retailco LLC for a total 
of $18.0 million 
    * Entered into a purchase and sale agreement for acquisition 
of all retail business operations of Provider Power LLC 
    * Purchase price is $28.0 million for Provider Power LLC 
deal 
    * Spark will be issuing $40.0 million of shares to NGE as 
consideration for upfront purchase price for major 
 
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