Gas Natural rejects three takeover offers by Algonquin Power

Gas Natural (EGAS +2.4%) says it rejected three "unsolicited and inadequate" proposals made by Algonquin Power & Utilities (OTCQB:AQUNF) during 2014 to acquire all outstanding shares for $10, $12 and finally for $13.

Shares had spiked into the close Friday after a WSJ report broke the offers and are continuing higher in today's trade.

Comments (1)
  • Billy K
    , contributor
    Comments (48) | Send Message
    Used to own some of Ngas. I see it hasn't changed. Has good ideas but lacks funds to see things through to an "OutCome."
    21 Nov 2014, 02:18 AM Reply Like
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