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…

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