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Friday, November 14, 2014

Deals of the day- Mergers and acquisitions, (AMEX: EGAS)

The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:** Spanish gas and electricity firm Gas Natural said it had acquired 96.5 percent of Chile's biggest electricity distributor, Compania General de Electricidad. The Spanish company said in a statement to the stock market regulator that the acquisition was worth 2.55 billion euros ($3.17 billion).

Gas Natural Inc., is a natural gas company, primarily operating local distribution companies in six states and serving approximately 70,000 customers. Shares of EGAS fell by 2.54% or $-0.29/share to $11.11. In the past year, the shares have traded as low as $7.49 and as high as $13.17. On average, 50983 shares of EGAS exchange hands on a given day and today's volume is recorded at 66567.