FEATURE: Natural gas utilities drawing buyout interest from private buyers willing to pay
May 31, 2022 Comments Off
The recent sale of Enstar Natural Gas has extended a streak of gas utility acquisitions by private utility operators owned by financial entities. The string of pricey buyouts has bolstered valuations and stock prices for local gas distribution companies raising questions about whether the trend is sustainable. But with private buyers willing to pay a premium for now, the acquisitions…
FEATURE: Natural gas utilities drawing buyout interest from private buyers willing to pay
The recent sale of Enstar Natural Gas has extended a streak of gas utility acquisitions by private utility operators owned by financial entities. The string of pricey buyouts has bolstered valuations and stock prices for local gas distribution companies raising questions about whether the trend is sustainable. But with private buyers willing to pay a premium for now, the acquisitions…
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