Utilities M&A » By The Online Investor Staff, updated Sun., Jul. 3, 4:23 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #49. Fidelity Exploration & Production Company — Powder River Basin Production Assets
Acquirer:
Fidelity Exploration & Production Company (NYSE:MDU)
Acquiree:
Powder River Basin Production Assets
Details:
MDU Resources Group, Inc. (NYSE:MDU) announced today that its indirect wholly owned subsidiary, Fidelity Exploration & Production Company, agreed to purchase working interests and leasehold positions in oil and natural gas production assets in the southern Powder River Basin of Wyoming from undisclosed private sellers.
MDU Resources Group is a holding company. Through its subsidiaries, Co. is a regulated energy delivery and construction materials and services business. Co.'s segments include: electric, which provides electric service in Montana, North Dakota, South Dakota and Wyoming; natural gas distribution, which distributes natural gas in Idaho, Minnesota, Oregon and Washington; pipeline, which provides provides natural gas transportation and underground storage services; construction materials and contracting, which mines, processes and sells construction aggregates; and construction services, which provides inside and outside specialty contracting services.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 81st percentile
(ranked higher than approx. 81% of all stocks covered)
Analysts' Target Price: MDU Stock Forecast Based on Zacks ABR data; powered by Xignite |
