Wunderlich Securities Downgrades Gas Natural, Inc. (EGAS) to Sell
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Gas Natural Inc. Signs Merger Agreement with First Reserve Energy Infrastructure
October 10, 2016 6:56 AM EDTCLEVELAND, Oct. 10, 2016 /PRNewswire/ -- Gas Natural Inc. (NYSE MKT: EGAS) ("Gas Natural" or the "Company"), a holding company operating local natural gas utilities serving approximately 68,000 customers in four states, today announced the signing of a definitive merger agreement with an energy infrastructure investment fund sponsored by First Reserve, a leading global private equity and infrastructure investment firm focused exclusively on energy.  Â
Under the terms of the agreement, First Reserve has agreed to acquire all of the outstanding shares of Gas Natural common stock for $13.10 per share, for a total enterprise value of... More
