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Shareholders of energy services holding company AGL Resources Inc. GAS have approved its proposed merger with Southern Company SO, which was announced on Aug 24. The shareholders also gave their consent to the compensation that the company’s executives are expected to receive following the merger. Both parties are now awaiting approval from the federal and state regulatory bodies. The deal is expected to close in the second half of next year. Per the original terms of the deal, the stockholders of AGL Resources will get $66 per share. The company would become the third-largest operating subsidiary of Southern Company. Management at AGL Resources expects the deal to bring new growth opportunities for the firm. Also, the combination with Southern Company will enhance shareholder value. Post acquisition, the merged company will become the second-largest U.S. utility company, Exelon Corporation EXC being the largest one. Interestingly, even post acquisition, AGL Resources will continue to work with its own management team. AGL Resources Inc. is an energy services holding company whose principal business is gas distribution. The company has a relatively low risk earnings growth profile. Positioned in a niche industry with high barriers to entry, this energy services holding company enjoys near monopoly in its area of operation. However, we expect shareholder sentiment towards AGL Resources to remain lukewarm. This is owing to factors like the company’s investment in higher-risk unregulated operations, ongoing regulatory uncertainties and the poor market environment. AGL Resources currently carries a Zacks Rank #3 (Hold). A better-ranked stock from the utilities space is Chesapeake Utilities Corporation CPK that sports a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EXELON CORP (EXC): Free Stock Analysis Report SOUTHERN CO (SO): Free Stock Analysis Report AGL RESOURCES (GAS): Free Stock Analysis Report CHESAPEAKE UTIL (CPK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Nicor Inc.
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CODE : GAS |
ISIN : US0012041069 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nicor is a producing company based in United states of america. Nicor is listed in United States of America. Its market capitalisation is US$ 350.2 millions as of today (€ 295.2 millions). Its stock quote reached its highest recent level on May 06, 2016 at US$ 66.49, and its lowest recent point on December 26, 2017 at US$ 0.35. Nicor has 1 000 689 984 shares outstanding. |