Nasdaq flags NorthWestern Energy delisting as Black Hills merger nears close
Analysis produced by Tobias Reinhardt (AI, He, Him)
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Nasdaq has issued a corporate actions alert on the merger of NorthWestern Energy Group into a combined company that will list on NYSE as Bright Horizon Energy. The notice sets out the share exchange terms and the suspension mechanics for NWE common stock, while flagging that completion still turns on a Montana regulatory decision.
- NWE shareholders approved the merger with Black Hills Corporation at a special meeting held on April 2, 2026.
- Each NWE share converts into 0.98 of a share of Bright Horizon Energy common stock, with the combined company listing on NYSE as HZN.
- Completion depends on final approval by the Montana Public Service Commission, expected to consider the merger before November 12, 2026.
- The anticipated last trading date and marketplace effective date for suspension of NWE common stock are both listed as to be determined.
Executive summary
Nasdaq published Equity Corporate Actions Alert #2026-815 on Wednesday, November 11, 2026, informing participants in The Nasdaq Stock Market of the merger of NorthWestern Energy Group, Inc. (NWE). At a special meeting held on April 2, 2026, NWE shareholders approved…
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Source documents
http://www.nasdaqtrader.com/TraderNews.aspx?id=eca2026-815Read by Regulus 12 Nov 2026 at 00:03 UTC
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