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Gas Natural rejects three takeover offers by Algonquin Power

Jul. 21, 2014 11:45 AM ETGas Natural Inc. (EGAS) StockBy: Carl Surran, SA News Editor1 Comment
  • Gas Natural (NYSEMKT:EGAS +2.4%) says it rejected three "unsolicited and inadequate" proposals made by Algonquin Power & Utilities (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.

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