08:13 AM EST, 02/25/2025 (MT Newswires) -- Innergex Renewable Energy ( INGXF ) on Tuesday said it signed a definitive agreement that will see investment group CDPQ acquire all of its issued and outstanding common shares, other than those held by CDPQ and certain members of senior management, for $13.75 per share in cash.

Innergex's shares fell $0.24 to $8.71 on Monday.

In a statement, Innergex said pursuant to the arrangement, CDPQ will also acquire all of the issued and outstanding preferred Series A and C shares for $25.00 apiece in cash (plus all accrued and unpaid dividends and, in the case of the Series A preferred shares, an amount in cash per Series A preferred share equal to the dividends that would have been payable in respect of such share until January 15, 2026 , which is the next available redemption date).