Chesapeake Utilities Agrees To Acquire Florida City Gas From NextEra Energy For $923M Cash
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities has agreed to acquire Florida City Gas from NextEra Energy for $923 million in cash. This acquisition is expected to expand Chesapeake's operations in Florida.
September 26, 2023 | 10:02 pm
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NEUTRAL IMPACT
NextEra Energy has agreed to sell Florida City Gas to Chesapeake Utilities for $923 million in cash.
While the sale of Florida City Gas will provide NextEra Energy with a significant cash influx, it's unclear how this will impact the company's overall operations and future growth prospects. Therefore, the impact on the company's stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Chesapeake Utilities is set to acquire Florida City Gas, which could expand its operations in Florida.
The acquisition of Florida City Gas could potentially expand Chesapeake Utilities' operations in Florida, which could lead to increased revenues and profits in the future. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100