Southern Co. And AGL Resources Close Merger

(RTTNews) - Southern Company (SO) and AGL Resources announced the completion of a merger creating one of America's leading energy providers.

AGL Resources has become a wholly owned subsidiary of Southern Company, which now has 11 electric and natural gas utilities with operations across the U.S. The addition of AGL Resources' network of natural gas assets and businesses provides a broader, more robust platform for long-term success.

The combined company serves utility customers in nine states - Alabama, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Tennessee and Virginia - and has wholesale electricity generation and natural gas services, retail energy services and natural gas storage operations across the U.S.

Under the terms of the agreement, on July 1, each share of AGL Resources common stock was canceled and converted into the right to receive $66.00 in cash, for a total purchase price of approximately $8 billion. AGL Resources common stock will cease trading on the New York Stock Exchange immediately prior to market open on July 1.

As is the case with Southern Company's other operating subsidiaries, AGL Resources will continue to maintain its own management team, board of directors and corporate headquarters, located in Atlanta