Laclede Group to Buy Two Southern Union Utilities for $1.02B
Laclede (NYSE: LG) will buy two of Southern Union Co.'s utilities, Missouri Gas Energy and New England Gas Co., for $1.02 billion.
Energy Transfer Equity's takeover of pipeline operator Southern Union Co closed early this year.
The deal announced Monday also includes the assumption of about $20 million in debt, so the companies value it at nearly $1.04 billion.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.