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Strategies & Market Trends : Dividend investing for retirement
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To: Triffin who wrote (10987)8/24/2015 7:21:43 PM
From: E_K_S  Read Replies (4) of 34328
 
AGL Resources Inc. (GAS)

Not sure you saw this but this steady dividend payer was just acquired for $66.00/share cash. Very nice to see this stock up 28% when the rest of the market was melting down. Need to find another good dividend payer. Maybe s/d put the proceeds into Southern Company (SO)? What do you think? I was also looking at Dominion Resources, Inc. (D. SO pays a high dividend 4.7% vx D's 3.7%)

Southern Co. Creates No. 2 Utility With AGL Buy


Electricity provider Southern Co. said Monday it will buy natural gas distributor AGL Resources, creating the second-largest utility company in the U.S. based on the number of customers, behind only Exelon.Southern (NYSE:SO) will pay $66 cash per AGL (NYSE:GAS) share.
The enterprise value of the deal is approximately $12 billion, according to the companies, including debt of $8 billion.

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EKS
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