newsftc grants antitrust approval combination dominion questar
Local

FTC grants antitrust approval of combination of Dominion, Questar

Contributors

dominion virginia powerDominion Resources, Inc. (NYSE: D) and Questar Corporation (NYSE: STR) announced Tuesday that their proposed combination has cleared a key condition needed for completion.

The Federal Trade Commission has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the combination.

Expiration or termination of the waiting period is one of the conditions required for completion of the transaction.

Closing of the transaction still requires approval of Questar’s shareholders. Questar and Dominion also will file for review and approval, if required, from the Utah Public Service Commission and the Wyoming Public Service Commission, and provide information regarding the transaction to the Idaho Public Utilities Commission.

The companies expect the transaction to close in 2016.

Contributors

Contributors

Have a story idea or a news tip? Email editor Chris Graham at [email protected]. Subscribe to AFP podcasts on Apple PodcastsSpotifyPandora and YouTube.

Latest News

Local

On the same page: WPL starts book clubs for developmentally disabled

Culture

Homeownership rates are highest in central U.S.

Scholaroo, a financial research firm, conducted a report that analyzed rates of homeownership across 152 U.S. cities.

housing
Virginia

HUD provides $46,608 to public housing authority in Virginia to address homelessness

The U.S. Department of Housing and Urban Development announced today the third group of communities to receive housing vouchers to address homelessness among people in unsheltered settings and rural communities.

Virginia

Maker of drug for opioid treatment will pay $102.5 million to 42 states

Thistle Ridge Disc Golf Trail Hole 1 sign
Sports

New disc golf course opens at Natural Bridge State Park

jay woolfolk
Sports

Is Jay Woolfolk, who threw one pitch in the Charlottesville Regional, in the doghouse?

vote
Local

Information sessions will discuss Ranked Choice Voting