ITC Holdings Corp. (ITC) to be Acquired by Canadian Utility Fortis in $11.3B Deal

Shares of ITC Holdings Corp. were trading up +3.05 or +7.75 percent to $42.43 in Tuesday's premarket after news early this morning that the company would be taken over by Canadian utility Fortis Inc. (FRTSF) for $11.3 billion in cash and stock. ITC stock closed at $39.38, up +0.04 or +0.10 percent in Tuesday's regular ... READ MORE Read the rest of ITC Holdings Corp. (ITC) to be Acquired by Canadian Utility Fortis in $11.3B Deal at InvestorGuide.com .