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Fortis

North America Innovative Lawyers 2017: Enabling Business Growth - In-house legal teams

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Originality8
Leadership8
Impact8
Total innovation score24
CommentIn securing the Canadian utility group's acquisition of US electricity company ITC Holdings, lawyers ensured due diligence and that US Securities and Exchange Commission regulatory requirements were satisfied for Fortis's concurrent listing on the New York Stock Exchange. This enabled the company to offer its shares as consideration to target US shareholders only, the first time this has been done by a Canadian public company.