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Natural Gas Utilities

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Delta Natural Gas to be acquired by Peoples Gas

Tuesday, 21 Feb 2017 07:40am EST

Delta Natural Gas Company Inc : Delta Natural Gas enters agreement to be acquired by Peoples Gas . Delta Natural Gas Company Inc - Delta shareholders will receive $30.50 in cash per Delta share . Delta Natural Gas Company Inc says prior to closing, transaction is expected to have no impact on Delta's dividend . Delta Natural Gas Company Inc - following close of transaction, Delta will be a wholly-owned subsidiary of PNG Companies Llc . Delta Natural Gas Company Inc - Delta shareholders will continue to receive dividends at an annualized rate of $0.83 per share until closing . Delta Natural Gas Company Inc - Peoples plans to increase Delta's investments in infrastructure improvement projects . Existing employees are planned to continue with Delta after merger .Delta Natural Gas Company - following close of deal, one member of Delta's board to be independent representative of Delta's constituents' interests.

Oneok says oneok partners must pay termination fee of up to $300 mln

Wednesday, 1 Feb 2017 05:43pm EST

Oneok Inc :Oneok Inc - Oneok Partners must pay Oneok a termination fee of up to, in certain instances, $300 million.

Oneok to buy rest of Oneok Partners for $9.3 bln

Wednesday, 1 Feb 2017 06:44am EST

Oneok Inc : Oneok announces agreement to acquire remaining public stake in Oneok partners in a transaction valued at $17.2 billion . Says oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok announces agreement to acquire remaining public stake in oneok partners in a transaction valued at $17.2 billion . Oneok - deal to be immediately accretive, and then double-digit accretive to oneok's distributable cash flow (dcf) in all years from 2018 through 2021 . Oneok inc -each outstanding common unit of oneok partners that oneok does not already own will be converted into .985 shares of oneok common stock . Says oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - as a result of transaction, oneok's annual dcf is expected to approximately double . Says following close of transaction, oneok is expected to have a more than $30 billion enterprise value . Oneok inc - oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok inc - upon completion of transaction, oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - management intends to recommend to oneok board a 21 percent increase in first quarterly dividend following completion of transaction.

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