Dominion to Sell Questar Pipeline to Southwest Gas

摘要

Dominion Energy said it has agreed to sell Questar Pipeline to Southwest Gas Holdings Inc. in a deal valued at $1.975 billion. For Southwest Gas, the acquisition would mark a northward expansion of its natural gas operations and boost its regulated business. The deal, which is expected to close in the fourth quarter, comes after activist investor Carl Icahn sent a letter to Southwest Gas, urging the company to abandon the acquisition and instead focus on improving its share price.