Southern Company to Acquire AGL Resources
Submitted by aburr on Fri, 2015-09-04 13:33Southern Company and AGL Resources boards of directors approved a definitive merger agreement to create an electric and gas utility company. Pursuant to the agreement, AGL Resources will become a new wholly owned subsidiary of Southern Company in a transaction with an enterprise value of approximately $12 billion, including a total equity value of approximately $8 billion.