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Dominion Energy to buy Scana Corp

Posted by January 3, 2018

Dominion Energy Inc said on Wednesday it would buy Scana Corp in an all-stock deal that values the electric utility company at about $7.9 billion.

 
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.

 

Reporting by Yashaswini Swamynathan 

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