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Emera offers up to C$700M of common stock

Emera Inc. is offering up to C$700 million or 14,614,000 of its common shares for C$47.90 each.

Net proceeds from the offering will be used for the company's growth initiatives and general corporate purposes. Underwriters may exercise the overallotment option for additional 1,045,000 common shares within 30 days after the close of the offering.

The underwriters for the offering are RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Credit Suisse Securities (Canada) Inc., Industrial Alliance Securities Inc. and Raymond James Ltd.