New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2013
08:01 EDTLGLaclede Group reports Q1 EPS $1.14, consensus $1.09
Reports Q1 revenue $307M, one estimate $351.28M
News For LG From The Last 14 Days
Check below for free stories on LG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 8, 2014
10:03 EDTLGOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:03 EDTLGLaclede upgraded to Buy from Hold at Stifel
Stifel upgraded Laclede to Buy from Hold citing the acquisition of Alabama Gas for $1.34B. The firm views the transaction as accretive to shareholders in FY15 and adds geographic and regulatory diversity. Price target is $50.
April 7, 2014
07:58 EDTLGLaclede to hold a conference call
Subscribe for More Information
07:30 EDTLGEnergen to host a conference call
Subscribe for More Information
07:03 EDTLGLaclede to purchase Alabama Gas Corporation for $1.6B
Subscribe for More Information
07:03 EDTLGEnergen to sell natural gas utility to Laclede Group for $1.6B
Energen Corporation (EGN) announced that it has signed a definitive stock purchase agreement to sell its natural gas utility business, Alabama Gas Corporation, to The Laclede Group (LG). The value of the transaction is $1.6B, subject to customary closing adjustments, and is comprised of $1.28B in cash and approximately $320M of debt. Energenís after-tax proceeds are estimated to be $1.1B, after consideration of accelerated intangible drilling costs. Energen plans to use cash proceeds from the transaction to immediately reduce short-term indebtedness, thereby enhancing its financial capacity to potentially accelerate the pace of drilling and development of its Permian Basin assets in 2015 and beyond.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use