May 28 Teco Energy Inc said it would acquire New Mexico Gas Co for about $950 million, including debt, to widen its customer base in Florida and New Mexico.
New Mexico Gas serves about 509,000 customers in New Mexico. Teco Energy units will serve more than 1.5 million regulated electric and gas utility customers in Florida and New Mexico, upon deal close.
Teco owns a Florida utility, Tampa Electric Co and coal producer Teco Coal.
GLOBAL MARKETS-Asia stocks edge up on optimism over global growth, dollar soft
TOKYO, June 26 Asian shares edged up on Monday on optimism about global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped U.S. bond yields and raised questions about the Federal Reserve's plans to tighten policy.