ATLANTA (dpa-AFX) - Southern Co.(SO) and AGL Resources (GAS) have received unanimous regulatory approval of the companies' proposed merger from the California Public Utilities Commission.
The companies expect to complete the transaction in the second half of 2016.
In August 2015, Electric utility holding company Southern Co. agreed to acquire natural gas distributor AGL Resources for $66 per share in an all-cash deal valued at about $8 billion or $12 billion, including debt.
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