NEXTERA ENERGY INC acquired Texas Transmission Holdings Corporation (additional ~20% Oncor minority interest), a transaction announced in October 2016, structured as combination. The deal was a Merger.
Texas Transmission Holdings Corporation (additional ~20% Oncor minority interest) operates in Regulated electric transmission & distribution (Texas), is based in Texas (Oncor). Alongside the Oncor/EFH transaction, NextEra and its wholly owned subsidiary WSS Acquisition Company (TTHC Merger Sub) entered into an agreement with Texas Transmission Holdings Corporation (TTHC) and certain TTHC stockholders (Cheyne Walk Investment Pte Ltd, Borealis Power Holdings Inc. and others) to acquire the remaining minority ownership interest in Oncor that NextEra would not obtain through the EFH transaction. It was abandoned when the broader Oncor acquisition was rejected by Texas regulators.
Structured to consolidate the remaining minority interest in Oncor so NextEra could fully own the Texas T&D operator following the EFH acquisition.
Would have given NextEra full ownership of Oncor rather than the ~80% available via EFH. Would have folded into NextEra's ownership of Oncor.
Advisory firms were not disclosed for this transaction.