Materiality pending
Public signal · 1-minute delayed
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UTL to acquire Bangor Natural Gas Company for $70.9 million debt-free. Bangor owns 351 miles of pipelines, a strategic addition for UTL in Maine. Global natural gas demand projected to rise with growth opportunities for UTL. Spire, Atmos Energy, and National Fuel Gas also set to benefit from market expansion. UTL's shares rose 5.5% in the past three months.
- UTL to acquire Bangor Natural Gas Company for $70.9 million debt-free.
- Bangor owns 351 miles of pipelines, a strategic addition for UTL in Maine.
- Global natural gas demand projected to rise with growth opportunities for UTL.
- Spire, Atmos Energy, and National Fuel Gas also set to benefit from market expansion.
- UTL's shares rose 5.5% in the past three months.
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