En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





AltaGas in merger talks with Washington Gas's WGL Holdings

Petroleumworld.com 01 13 2017

Canada's AltaGas is in talks to merge with WGL Holdings Inc, the parent of natural-gas utility Washington Gas, in a deal worth $5 billion-$6 billion, the Wall Street Journal reported, citing people familiar with the matter.

WGL's shares rose 6.8 percent to $81 in late-afternoon trading on Thursday, while AltaGas's stock was down 1.3 pct at C$33.65.

A deal could be announced this month assuming that the talks do not fall apart, or see another bidder, the report said.
( on.wsj.com/2jcr9kM )

Regulatory or political pushback could be a potential obstacle to any deal, one of the people familiar with the matter told the newspaper.

WGL was weighing options in November, including a sale after receiving takeover interest from Spain's Iberdrola SA.
( reut.rs/2ilgi3H )

AltaGas and WGL were not immediately available for comment.

Story reporting by Vishaka George in Bengaluru; Editing by Sriraj Kalluvila from Reuters.

We invite all our readers to share with us
their views and comments about this article

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels








Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.