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BRIEF-Algonquin Power & Utilities' unit to acquire St. Lawrence Gas Company.

Published 2017-08-31, 08:35 a/m
© Reuters.  BRIEF-Algonquin Power & Utilities' unit to acquire St. Lawrence Gas Company.
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Aug 31 (Reuters) - Algonquin Power & Utilities Corp AQN.TO

* Algonquin Power & Utilities - unit entered into agreement with Enbridge Gas Distribution Inc to acquire St. Lawrence Gas Company Inc

* Algonquin Power & Utilities Corp - will finance transaction using cash on hand and existing credit facilities

* Algonquin Power & Utilities Corp - proposed transaction is structured as a stock purchase in exchange for a cash purchase price of U.S. $70 million

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