Gas Utilities M&A » By The Online Investor Staff, updated Wed., Jan. 20, 2:20 AM
Recent mergers and acquisitions in the Gas Utilities M&A category.
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Slide #5. Saltchuk Resources, Inc. — AGL Resources Inc. Tropical Shipping business
Acquirer:
Saltchuk Resources, Inc.
Acquiree:
AGL Resources Inc. Tropical Shipping business (GAS)
Details:
AGL Resources Inc. (NYSE:GAS) today announced it has signed a definitive agreement to sell its Tropical Shipping business to a subsidiary of Saltchuk Resources, Inc. of Seattle, WA. After-tax cash proceeds and repatriated cash from the transaction are expected to be approximately $220 million, subject to certain defined post-closing adjustments.
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