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UNS > SEC Filings for UNS > Form 8-K on 21-May-2014All Recent SEC Filings

Show all filings for UNS ENERGY CORP



Other Events

Item 8.01 Other Events.

As previously reported, on December 11, 2013, UNS Energy Corporation (UNS Energy) entered into an Agreement and Plan of Merger pursuant to which a subsidiary of Fortis Inc. (Fortis) would merge into UNS Energy (Merger) and UNS Energy would become an indirect wholly-owned subsidiary of Fortis.

On May 20, 2014, the United States Department of the Treasury informed UNS Energy that the Committee on Foreign Investment in the United States (CFIUS) completed its review of the Merger. CFIUS has determined that there are no unresolved national security concerns with respect to the transaction and that action under Section 721 of the Defense Production Act of 1950, as amended, is concluded with respect to the Merger.

The Merger was approved by UNS Energy shareholders on March 26, 2014 and by the Federal Energy Regulatory Commission on April 2, 2014. Completion of the Merger remains subject to: the approval of the Arizona Corporation Commission; the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; and the satisfaction of other customary closing conditions.

UNS Energy expects the Merger to close by the end of 2014.

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