Allete INC

ALLETE, Inc. announced the completion of its acquisition by Canada Pension Plan Investment Board and Global Infrastructure Partners, taking the company private at $67 per share.

ALLETE, Inc. announced the Minnesota Public Utilities Commission has issued its final written order approving the company's acquisition, with closing expected around December 15, 2025.

ALLETE, Inc. has set October 16, 2025, as the record date for a potential stub period dividend, contingent on its merger with Alloy Parent LLC.

ALLETE, Inc. announced the Minnesota Public Utilities Commission unanimously approved its acquisition by CPP Investments and Global Infrastructure Partners, securing all regulatory approvals for a late 2025 closing.

ALLETE, Inc. has successfully issued $250 million in first mortgage bonds through a private placement to institutional buyers, with proceeds earmarked for utility capital expenditures.

ALLETE, Inc. held its 2025 annual meeting of shareholders on May 13, 2025, and all director nominees were elected, executive compensation was approved, and the selection of PricewaterhouseCoopers LLP was ratified.

ALLETE reports lower Q3 2025 earnings per share and net income, driven by reduced industrial sales and clean energy project timing, while awaiting final MPUC approval for its acquisition.

ALLETE reports a slight decrease in second-quarter net income to $31.9 million, impacted by merger-related expenses, while issuing $250 million in new first mortgage bonds and advancing its clean energy transition.

ALLETE, Inc. reports first quarter 2025 earnings of 97 cents per share, driven by solid performance in non-regulated subsidiaries, while navigating lower industrial margins at Minnesota Power.

ALLETE, Inc. announced its third quarter 2024 earnings, reporting 78 cents per share, while also highlighting progress on its merger and key operational milestones.

ALLETE, Inc. announced second quarter 2024 earnings of 57 cents per share, impacted by merger-related expenses and mild weather, while also progressing with strategic initiatives and regulatory filings.

ALLETE's first quarter 2024 earnings were $0.88 per share, down from $1.02 per share in the same period last year, influenced by weather, a rate case settlement, and merger-related expenses.

ALLETE's 2024 earnings decreased to $3.10 per share, influenced by merger-related expenses and lower ALLETE Clean Energy earnings, despite progress in regulated operations and strategic initiatives.

ALLETE, Inc. reported 2023 earnings of $4.30 per share, driven by a clean energy transition and a favorable arbitration ruling, and announced a $4.3 billion capital investment plan over the next five years.

ALLETE Inc. VP and COO Joshua J. Skelton reported the disposition of common stock and restricted stock units totaling over 19,000 shares at $67.00 per share due to the company's merger.

ALLETE's VP CFO & Corporate Treasurer, Jeffrey J. Scissons, reported the disposition of his common stock holdings and restricted stock units following the company's merger with Alloy Parent LLC for $67.00 per share.

ALLETE's VP, Chief Legal Officer & Secretary, Julie L. Padilla, reported the disposition of common stock and conversion of restricted stock units following the company's merger at $67.00 per share.

ALLETE VP Nicole Renee Johnson disposed of all her common stock and restricted stock units in connection with the company's merger at $67 per share.

ALLETE VP Colin B. Anderson disposed of all beneficial ownership in ALLETE common stock and restricted stock units following the company's merger into Alloy Parent LLC for $67.00 per share.

ALLETE Inc. CEO Bethany M. Owen reported the disposition of common stock and restricted stock units following the company's merger into a subsidiary of Alloy Parent LLC at $67.00 per share.

ALLETE, Inc. has filed definitive additional materials related to its proxy statement with the Securities and Exchange Commission.

ALLETE, Inc.'s proxy statement details the upcoming 2025 annual meeting, director nominations, and executive compensation, highlighting a focus on performance-based pay and shareholder value.

ALLETE has filed its definitive proxy statement and is reminding shareholders to vote on the proposed transaction at the special meeting on August 21, 2024.

ALLETE is progressing towards its acquisition by CPP Investments and GIP, with a shareholder vote scheduled for August 21, 2024, and regulatory filings underway.

ALLETE, Inc. is set to be acquired by Alloy Parent LLC, jointly owned by Canada Pension Plan Investment Board and Global Infrastructure Management, for $67.00 per share in cash.

ALLETE has filed a preliminary proxy statement with the SEC regarding its proposed acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), with the transaction expected to close in mid-2025.