Black Hills, NorthWestern Merge In $15.4B All-Stock Deal

By Jade Martinez-Pogue ( August 19, 2025, 11:53 AM EDT) -- Utility company Black Hills Corp., advised by Faegre Drinker Biddle & Reath LLP, on Tuesday announced plans to merge with Morgan Lewis & Bockius LLP-advised energy and infrastructure company NorthWestern Energy Group Inc. in an all-stock deal with a combined enterprise value of $15.4 billion....

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