- AltaGas (OTCPK:ATGFF) agrees to buy a 25% stake in privately-held Petrogas Energy in a cash and stock deal valued at ~$100M, which it says will bolster its access to North American markets.
- AltaGas will initially exchange ~2.8M shares and an unspecified amount of cash for a 25% stake in Petrogas, with an option to buy an additional 25% this year.
- Petrogas has a logistics network consisting of more than 1,500 rail cars and 24 rail and truck terminals in the U.S. and Canada.