Dominion Energy to buy southern utility Scana in all-stock deal valued at $7.9 billion

CNBC | on Wed, Jan 3, 7:19 AM

Dominion Energy[1] on Wednesday it would buy Scana[2] in an all-stock deal that values the electric utility company at about $7.9 billion. Scana's shares surged 27 percent in premarket trading on news of the deal. Scana shareholders will receive 0.6690 shares of Dominion Energy for each share held, or the equivalent of about $55.35, the companies said. The offer represents a premium of 42.4 percent to Scana's Tuesday closing price of $38.87. —CNBC contributed to this report. References^ Domin...

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