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Dominion Resources, Questar Corporation to combine

Monday, 1 Feb 2016 07:00am EST

Dominion Resources Inc:Says the company and Questar Corp announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share - about $4.4 billion and assume Questar's outstanding debt.Transaction would be accretive to Dominion upon closing - expected by year-end 2016.Intends to finance the transaction in a manner that supports the company's existing credit ratings targets, using equity, mandatory convertibles and debt at Dominion.Upon transaction closing, Questar shareholders will receive $25 in cash for each share of Questar common stock.

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