January 25, 2017 / 10:04 PM / 8 months ago

AltaGas to buy WGL Holdings for about C$8.4 billion

Jan 25 (Reuters) - Energy infrastructure company AltaGas Ltd said on Wednesday it would buy WGL Holdings Inc in a deal valued at C$8.4 billion ($6.42 billion).

WGL Holdings, the parent of natural-gas utility Washington Gas, provides natural gas services in Maryland, Virginia and the District of Columbia.

The deal includes the assumption of about C$2.4 billion of debt.

The company said the deal would add about 7-9 percent to earnings per common share.

$1 = 1.3078 Canadian dollars Reporting by Komal Khettry in Bengaluru; Editing by Saumyadeb Chakrabarty

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