February 21, 2017 / 2:15 PM / 5 months ago

BRIEF-Delta Natural Gas to be acquired by Peoples Gas

1 Min Read

Feb 21 (Reuters) - 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 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below