11.09.2014 18:03:43
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Sprague To Buy Natural Gas, Electricity Marketing Business
(RTTNews) - Sprague Resources LP (SRLP) said Thursday its subsidiary, Sprague Operating Resources LLC, signed a definitive agreement with Metromedia Gas & Power Inc and certain energy related affiliates ("Metromedia Energy") to acquire the assets of its natural gas and electricity marketing business for $22 million in cash and the assumption of liabilities under pre-existing forward supply contracts.
The acquisition, which is subject to customary closing conditions, is expected to close within thirty days.

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