ITC Holdings (ITC) Flat on Deal with Fortis

ITC Holdings Corp.

shares edged up 0.2% to $46.60, as the company and Fortis Inc. announced that the Illinois Commerce Commission has approved its application authorizing Fortis to proceed with its acquisition of ITC. The decision marks another significant advancement in the regulatory approval process. The transaction is expected to close by the end of the year. Share volume was 246,000, compared to an all-day average of 865,000