(Reuters) - "It vindicates Loews' strategy of holding cash at the holding company level," said Matt Nellans, a Morningstar Inc. analyst. "It got a reasonable price and Dominion's exploration and production management team. Absent a complete bottoming out of natural gas prices, the deal should work out well."
The two companies announced the deal on Monday. Loews shares rose to a record.
Read more at Reuters.com Bonds News
The two companies announced the deal on Monday. Loews shares rose to a record.
Read more at Reuters.com Bonds News
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