Science Videos
from news services

Algonquin Power Goes Activist on Its Target Gas Natural

Date:
July 23, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
When The Deal's Amanda Levin exclusively reported that Gas Natural had been talking to potential suitors, the Ohio company responded with a flat denial, claiming its board had not talked to anyone about a possible sale. Lo and behold, Canadian utility Algonquin Power and Utilities not only had approached the company, but it did it three times. Its last offer was for $13 per share as Gas Natural's was trading at a 60-day moving average of about $12.50 per share. Now Algonquin, which has a 4.9% stake in Gas Natural, has taken its case to shareholders, calling on them to back its proposals or, possibly, a change in the target's board. Video provided by TheStreet
Share:
         
Total shares:  
Related Videos
 

Share This Page:


Matter & Energy News
August 5, 2015

Latest Headlines
updated 12:56 pm ET