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Corning Natural Gas Holding Corporation Announces End of “Go Shop” Period Under Merger Agreement
Corning Natural Gas Holding Corp.February 26, 2021 GMT
CORNING, N.Y., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCPK: CNIG) (“Corning” or the “Company”), a holding company operating natural gas and electric utilities serving approximately 21,000 customers in two states, today announced the expiration of the 45-day “go shop” period pursuant to the terms of the previously announced definitive merger agreement under which an affiliate of Argo Infrastructure Partners, LP (“Argo”) agreed to acquire all of the outstanding shares of Corning common stock for $24.75 per share in cash (the “Merger Agreement”).