AltaGas To Acquire WGL For Approx. C$8.4 Bln - Quick Facts

(RTTNews) - AltaGas Ltd. (ALA.TO) and WGL Holdings, Inc. (WGL) announced a definitive agreement and plan of merger for AltaGas to acquire WGL in an all cash transaction valued at approximately C$8.4 billion. AltaGas expects earnings per common share accretion of approximately 7-9 percent with normalized funds from operation per share (FFOPS) accretion of over 20 percent in the first full year of operations. The company expects material accretion to EPS (8-10 percent) and normalized FFOPS (15-20 percent) on average through 2021.

Upon closing of the acquisition, AltaGas Ltd. will have approximately C$22 billion of high quality, low risk, long-lived assets. The transaction underpins 8-10 percent dividend growth through 2021. AltaGas will have, on a combined basis, natural gas rate base assets of C$4.5 billion and over C$7 billion of identified capital investment opportunities identified through to 2021.