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Stock impact report

Dominion Energy to buy rest of Dominion Energy Midstream Partners [Reuters]

Dominion Energy, Inc. (D) 
Last dominion energy, inc. earnings: 2/11 07:30 am Check Earnings Report
US:NYSE Investor Relations: dominionenergy.com/investors
Company Research Source: Reuters
Dominion Energy to buy rest of Dominion Energy Midstream Partners | Reuters 2 Min Read Sept 19 (Reuters) - Dominion Energy said on Wednesday it had offered to buy the rest of Dominion Energy Midstream Partners in an all-stock deal, valuing the company at about $2.2 billion. Dominion Energy, which owns a stake of about 15 percent in the company, offered 0.2468 of its shares per Dominion Energy Midstream common unit, valuing each unit at $17.75 based on closing prices as of Sept. 18, the company said. The offer represented a discount of nearly 2 percent to Dominion Energy Midstream’s Wednesday close of $18.05, but was at a premium of 8.2 percent based on the 30-day volume-weighted average unit price. Shares of Dominion Energy Midstream were down 3.3 percent at $17.45 in extended trading, while those of Dominion Energy were largely unchanged. Pipeline companies are reorganizing their business structure after the U.S. Federal Energy Regulatory Commission in March stopped them from claimin Show less Read more
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