Dominion to Buy Questar for $4.4 Billion to Boost Gas Sales

Updated on
  • Acquisition represents a 23% premium for Questar holders
  • Dominion will add 1 million customers in the U.S. west

Dominion Resources Inc., the owner of Virginia’s largest utility, said it will buy Questar Corp. for about $4.4 billion to expand its holdings in better-performing natural gas assets, extending a trend of power companies buying shippers of the fuel.

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