ALLETE Announces Agreement To Sell Enventis Telecom To HickoryTech Corporation DULUTH, Minn.-ALLETE, Inc. (NYSE: ALE), announced today it has agreed to sell its subsidiary Enventis Telecom to HickoryTech Corporation (Nasdaq:HTCO) of Mankato, Minn. for $35.5 million.
ALLETE Announces Decision To Spin-Off Its Automotive Services Business To Shareholders DULUTH, Minn. - ALLETE, Inc. (NYSE: ALE) announced today that its Board of Directors has approved a plan to spin-off its automotive services business which will become a publicly traded company to be named ADESA
ALLETE Announces Important Milestone Toward Planned Spin-off Of Automotive Services DULUTH, Minn.--ALLETE, Inc. (NYSE: ALE) today announced an important milestone toward the planned separation of ALLETE and ADESA, Inc. (NYSE: KAR). ADESA has agreed to issue 6,250,000 shares of its common stock at a
ALLETE Announces New Leadership, David G. Gartzke To Succeed Edwin L. Russell as President (Duluth, MN)-ALLETE, Inc. (NYSE:ALE) today announced that David G. Gartzke, the company's senior vice president of finance and chief financial officer, has been named president and elected to ALLETE's board
DULUTH, Minn. --(BUSINESS WIRE)--Mar. 31, 2022-- ALLETE, Inc. (NYSE:ALE) (the “Company”) today announced that it plans to commence an underwritten public offering of up to 2,950,000 shares of its common stock, subject to market conditions. In conjunction with this offering, the underwriters will be
ALLETE Announces Offering of Common Stock DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) (the "Company") today announced that it plans to commence an underwritten public offering of up to 2,500,000 shares of its common stock, subject to market conditions, in connection with the forward sale agreement
ALLETE Announces Pricing of Common Stock Offering DULUTH, Minn. - ALLETE, Inc. (NYSE:ALE) (the "Company") today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at $49.75 per share in connection with the forward sale agreement described below.
DULUTH, Minn. --(BUSINESS WIRE)--Mar. 31, 2022-- ALLETE, Inc. (NYSE:ALE) (the “Company”) today announced the pricing of an underwritten public offering of 3,200,000 shares of its common stock at $63.00 per share. The size of the common stock offering was increased from the previously announced
ALLETE Announces Redemption of $125 Million Senior Notes DULUTH, Minn.--ALLETE, Inc. (NYSE:ALE) today announced the redemption of all of its $125 million 7.8% Senior Notes due February 15, 2008. A notice of redemption is being sent to all registered holders of the notes.