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The buyers said Wednesday they will pay $37.25 per share in cash, implying an equity value of $3.8 billion and a 32 per cent premium to Boralex’s March 20 closing price on the TSX—with the deal’s worth largely in line with analyst expectations. (The Logic)
Talking point: The deal came after the company struck a special committee to explore strategic options, including a potential exit from public markets. Shares in Boralex—which builds and operates wind, solar, hydro and energy storage projects—rose nearly 11 per cent Wednesday on the news. La Caisse had already increased its stake with a $200-million investment in July 2025. Boralex CEO Patrick Decostre said in a press release that the transaction brings in “the right long-term partners” as the company enters a more capital-intensive growth phase. It will maintain its headquarters in Quebec, according to the statement.
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