Bloomberg: WGL Holdings considers sale after interest from Iberdrola

|About: WGL Holdings, Inc. (WGL)|By:, SA News Editor

WGL Holdings (WGL +9.3%) spikes following a Bloomberg report that the company is weighing options including a sale after receiving takeover interest from Spain’s Iberdrola (OTCPK:IBDSF, OTCPK:IBDRY).

WGL has held preliminary talks with Iberdrola and is working with financial advisers, but may also decide to remain independent, according to the report.

WGL subsidiary Washington Gas has more than 1.1M customers in Washington D.C., Maryland and Virginia; the company’s other divisions include a gas storage business, a gas and electricity marketing arm, and a natural gas pipeline unit.