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Southern Company to Acquire AGL Resources in $12 Billion Transaction,
Creating Leading U.S. Electric and Gas Utility
- Creation of new, U.S.-leading electric and natural gas utility with approximately nine million utility customers in nine states.
- AGL Resources shareholders to receive $66 per share, a premium of 36 percent.
- A conference call and webcast for the financial community will be held at 10:00 a.m. on Monday, August 24.
- Additional details can be found in the press release announcing the transaction.
- Benefits of the transaction for AGL Resources' shareholders can be found here.
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services and midstream operations. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 630,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management and ownership and operation of natural gas storage facilities. AGL Resources is a member of the S&P 500 Index.
Individual Shareholders’ Contact for Shareholder Services:
Wells Fargo: 1-800-468-9716 or 1-651-450-4064
Click here for full shareholder services contact information or e-mail email@example.com.
Contact for Institutional Investors:
Director, Investor Relations
Investor Relations Mailing Address:
AGL Resources Investor Relations
P.O. Box 4569
Atlanta, GA 30302-4569
|May 16, 2016||AGL Capital Corporation Prices Public Offering of $350 Million of Senior Notes|ATLANTA, May 16, 2016 -- AGL Capital Corporation, a wholly owned financing subsidiary of AGL Resources Inc. (NYSE: GAS), priced a registered public offering of an aggregate principal amount of $350 million of senior notes due June 15, 2026 at an interest rate of 3.250%. The senior notes will be guaranteed by AGL Resources. The offering is expected to close on May 18, 2016. The company estimates that the net proceeds from the offering will be approximately $346 million. The company expects to u...
|May 05, 2016||Southern Company and AGL Resources announce merger settlement with all parties in New Jersey|ATLANTA, May 5, 2016 – Southern Company (NYSE: SO) and AGL Resources (NYSE: GAS) today announced that an agreement has been reached that settles all contested issues in the New Jersey merger proceeding. The merger is still subject to final approval by the New Jersey Board of Public Utilities (BPU). Consequently, the only remaining regulatory approvals required to close the merger are the BPU’s and Illinois Commerce Commission’s approvals of the comprehensive settlements reached...
|May 04, 2016||AGL Resources Reports First Quarter 2016 Earnings|1Q 2016 diluted EPS of $1.53, excluding merger expenses, compared to $1.62 in 1Q 2015 1Q 2016 diluted EPS of $1.30, excluding merger expenses and wholesale services, compared to $1.34 in 1Q 2015 Year-over-year weather impact across distribution operations and retail operations was $(0.11) due to warmer-than-normal weather in 1Q 2016 and colder-than-normal weather in 1Q 2015 ATLANTA, May 4, 2016 -- AGL Resources Inc. (NYSE: GAS) today reported first quarter 2016 net income, excluding merge...
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| Utility Customers Served:|
nearly 4.5 million
| Retail Customers Served:|
|Ticker Symbols: GAS (NYSE)|
|Newspaper Listing: AGL Res|