One Dominion Subsidiary Buys Another Subsidiary for $495M

We always find these deals somewhat strange and kind of funny. One subsidiary of midstream and utility giant Dominion (Dominion Midstream Partners) has struck a deal to buy a sibling subsidiary (Dominion Carolina Gas Transmission) from the company mother ship, Dominion Resources. The purchase price of $495 million will go from one pocket to another pocket on the same pair of pants. Here’s the details…

Please Login to view this content. (Not a member? Join Today!)
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.