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Energen Corp to sell Natural Gas Utility to Laclede Group, Inc


Monday, 7 Apr 2014 07:00am EDT 

Energen Corp:Signs definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corporation (Alagasco), to Laclede Group, Inc.Value of the transaction is $1.6 bln.Expected to close in 2014.J.P. Morgan Chase & Co. is acting as financial advisor to Energen, and Bradley Arant Boult Cummings LLP is acting as legal counsel. 

Company Quote

48.54
0.07 +0.14%
22 Jul 2014