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Monday, December 17, 2012

REFILE-Laclede to purchase two utilities from Energy Transfer for $1 bln, (NYSE: LG)

Utility holding company Laclede Group Inc will acquire two Southern Union utilities, Missouri Gas Energy and New England Gas Co, from Energy Transfer Equity for about $1 billion, the companies said.Energy Transfer Equity took over pipeline operator Southern Union Co last year.

The Laclede Group, Inc. (Laclede Group) is a utility holding company. Shares of LG remained unchanged at $39.86. In the past year, the shares have traded as low as $36.53 and as high as $44.04. On average, 89419 shares of LG exchange hands on a given day and today's volume is recorded at 0.