Allete Merger: Doubts Rise, but Buy Rating Remains
ByAinvest
Thursday, Sep 4, 2025 5:18 pm ET1min read
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Allete's merger with Duluth Holdings is nearing completion, sparking doubts about the deal's value. Despite this, analysts maintain a "buy" rating for the company, citing superior returns on investment if shares are purchased at current prices. The merger is expected to provide a $67 payment per share upon completion.
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