The parent company of Washington Gas is one step closer to its planned merger with AltaGas Ltd.
WGL Holdings Inc.'s (NYSE: WGL) shareholders on Wednesday overwhelmingly backed a proposal to merge its operations into the Canadian company in an acquisition worth roughly $6.4 billion. The boards of both companies had previously,and unanimously, backed the agreement, or which is expected to close in the moment quarter of 2018.
Under the deal,WGL shareholders will receive $88.25 in cash per WGL share,…
Source: bizjournals.com