Dominion Floats 10.2M Shares of Stock for $750M, Help w/Questar

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Midstream and utility company giant Dominion announced yesterday they are floating 10.2 million new shares of common stock in the company, hoping to raise $750 million. Dominion says it will use the money for "general corporate purposes," to repay debt, etc.--but perhaps most importantly, to help "fund in part Dominion's combination with Questar Corporation." Questar is a Rockies-based integrated natural gas company and Dominion is attempting to buy them for $4.4 billion--so every penny counts in that endeavor (see Dominion Resources Makes Play for Western NatGas Company Questar). Here's the particulars of Dominion's new stock offering...

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