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National Fuel board to complete review of plan to split company by October 15

Source: reuters.com

M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
National Fuel board to complete review of plan to split company by October 15

National Fuel Gas expects its board to complete by October 15 a review of plans to separate into two publicly traded companies: a utility and pipeline business, and an Appalachian natural-gas upstream and gathering business. The potential breakup could sharpen strategic focus and create distinct investment vehicles, but no final separation decision or financial terms were disclosed.

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