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Acquiring Company
ALLETE
Acquired Company
ALLETE
DuluthDuluthDescription
ALLETE has successfully transitioned to a private ownership structure after a cash acquisition valued at USD 67 per share. This deal, approved by shareholders and regulatory bodies, closed on December 15, 2025. With the completion of this merger, ALLETE's stock was removed from the NYSE. Former shareholders received USD 67.00 per share, marking a significant change in the company's operational status.
Fundz sees it the moment ALLETE makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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M&A Insights
Based on deal dataFrequently asked
Who acquired ALLETE?
ALLETE was acquired by ALLETE, based in Duluth. The deal was reported on September 24, 2026. Allete is a prominent energy company and a diversified corporation operating in the United States. ALLETE is privately held.
When did ALLETE acquire ALLETE?
ALLETE's acquisition of ALLETE was reported on September 24, 2026. ALLETE has successfully transitioned to a private ownership structure after a cash acquisition valued at USD 67 per share. This deal, approved by shareholders and regulatory bodies, closed on December 15, 2025. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ALLETE do?
Allete is a prominent energy company and a diversified corporation operating in the United States. It is known for its significant presence in the energy sector, particularly in power generation, transmission, and distribution. It is privately held, and is based in Duluth.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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