Wunderlich Securities Downgrades Gas Natural, Inc. (EGAS) to Sell

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Go back to Wunderlich Securities Downgrades Gas Natural, Inc. (EGAS) to Sell

Gas Natural Inc. Signs Merger Agreement with First Reserve Energy Infrastructure

October 10, 2016 6:56 AM EDT

CLEVELAND, 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.   

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