The deal was struck for $2.2 billion and comprises the 1.9-gigawatt portfolio and Middle River Power, operator of the plants.

Both Renasant’s $1.2 billion purchase of The First Bancshares and EverBank’s $261 million acquisition of Sterling Bank & Trust are set to close on April 1.

Pershing Square has started a roadshow for the initial public offering of a U.S. closed-end vehicle, which could be the largest fund of its kind in the U.S. Pershing Square USA has been planning to ...