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Wednesday, July 23, 2014

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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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Critical Volunteers: Training for Disasters

Critical Volunteers: Training for Disasters

AP (June 23, 2014) — Disasters have one thing in common no matter what the cause, volunteer responders. The Associated Press was given a glimpse into what it takes to become a Red Cross responder. (June 23) Video provided by AP
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Alaskans Remember When Earth Shook in 1964

Alaskans Remember When Earth Shook in 1964

AP (Mar. 26, 2014) — On March 27, 1964, the earth shook for about five minutes as the continent's biggest earthquake caused destruction over a 500-mile swath of Alaska. More than 130 people died from the quake and subsequent tsunamis. (March 26) Video provided by AP
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The Perfect Wave: Beyond the Sea

The Perfect Wave: Beyond the Sea

Deutsche Welle (Sep. 17, 2013) — There are around 20 million active surfers worldwide all chasing the same thing: the perfect wave. The problem is that, as a natural phenomenon, the perfect wave is pretty hard to come by. The thrill of the chase has spurred on a new industry, with businesses competing to design the best artificial wave-generating systems. In Bilbao, one German seems to have cracked it. Her concept, "Wavegarden," has become a huge success.
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last updated on 2014-07-23 at 10:34 am EDT

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