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Allete

Allete

ALLETE, City of Duluth in the news

“Having reached this important milestone, we are now one step closer to realizing the meaningful benefits we see ahead for all ALLETE stakeholders as the result of this partnership." -- Bethany Owen, ALLETE Chair, President and CEO

3-minute read
Breaking News

Allete agrees to $6.2 billion sale offer

In connection with the merger, CPP Investments and GIP will acquire all of the outstanding common shares of Allete for $67.00 per share in cash representing an enterprise value of approximately $6.2 billion, including Allete's net debt.

4-minute read