Mergers & Acquisitions ·
Black Hills Corporation filed an 8-K to provide historical financial statements of NorthWestern Energy Group and pro…
BKHBlack Hills Corp
Black Hills Corporation filed an 8-K to provide historical financial statements of NorthWestern Energy Group and pro forma combined financial information related to their pending all-stock merger. The transaction, agreed upon on August 18, 2025, involves Black Hills acquiring NorthWestern at an exchange ratio of 0.98 shares of Black Hills common stock for each share of NorthWestern, valuing the consideration at approximately $4.4 billion. The combined entity will operate under the new name Bright Horizon Energy Corporation. Key conditions include regulatory approvals from state commissions and the Federal Energy Regulatory Commission. This filing discloses NorthWestern's Q2 2026 revenues of $392.6 million and pro forma combined revenue of $2.1 billion for the six months ended June 30, 2026. Black Hills Corporation operates in the electric and gas utility industry.