Seeking Alpha

Gas Natural Inc. (EGAS)

  • Jul. 23, 2014, 2:19 PM
    • Algonquin Power (OTCQB:AQUNF) is taking its case to Gas Natural (EGAS +1.2%) shareholders, calling on them to back its takeover proposals and possibly a change in the target's board.
    • Algonquin sent a letter to the EGAS board saying it "extended multiple proposals" to acquire the company, which refuses to discuss a potential deal, thus "preventing shareholders from receiving an immediate and compelling premium for their shares."
    • Algonquin urges EGAS shareholders to demand the board maximize shareholder value through a sale process and to withhold support for incumbent directors in advance of the July 30 annual shareholders meeting.
    | Jul. 23, 2014, 2:19 PM | 1 Comment
  • Jul. 21, 2014, 11:45 AM
    • 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.
    | Jul. 21, 2014, 11:45 AM | 1 Comment
  • Jul. 18, 2014, 4:37 PM
    | Jul. 18, 2014, 4:37 PM | Comment!
EGAS vs. ETF Alternatives
Company Description
Gas Natural Inc is a natural gas company, operating local distribution companies in six states and serving approximately68,000customers.
Sector: Utilities
Industry: Gas Utilities
Country: United States