secwatch.observer — SEC 8-K summary
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Issuer:     UNITIL CORP (UTL)
CIK:        0000755001
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001193125-25-073493
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unitil agrees to acquire Maine Natural Gas from Avangrid for $86M cash
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- Purchase price $86M cash, subject to working capital adjustments; debt financing committed from Scotiabank.
- Maine Natural serves ~6,300 customers in Greater Portland and Augusta; 230 miles of mains; rate base ~$69M.
- Transaction expected to close by end of 2025, subject to Maine PUC approval; unit will become wholly owned subsidiary.
- Combined with Bangor acquisition, Unitil will serve >40% of Maine's population; deal expected to be long-term accretive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/755001/000119312525073493/0001193125-25-073493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/755001/000119312525073493/d946977d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-073493

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