Searsport

Gas Natural’s Maine Pipeline Plan Moves Forward

Gas Natural Inc. has closed on its acquisition of a leasehold interest in a 189-mile pipeline corridor easement in Maine that runs from Searsport to Limestone and various parcels of land, the Mentor, OH-based holding company said Friday. The $4.5 million deal, which included $2.25 million in cash and 210,951 shares of the company’s common stock valued at $10.67/share, closed Sept. 25.

October 1, 2012