Unitil to Purchase Bangor Natural Gas Company from Hope Utilities, Inc.

Release Date

Tue, 07/09/2024 - 02:45

TImezone

America/New_York

Source URL

https://investors.unitil.com/news-releases/news-release-details/unitil-purchase… https://investors.unitil.com/news-releases/news-release-details/unitil-purchase…

Investor News Category

miscellaneous

Investor News Type

General

Investor News ID

18156

Teaser Text

HAMPTON, N.H., July 09, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced that Unitil has agreed to purchase Bangor Natural Gas Company (“Bangor”) from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., for $70.9 million on a debt-free basis, subject to