Spire's $2.48B Piedmont Tennessee gas acquisition clears HSR, FERC; TPUC approval pending

SPIRE INC

HSR waiting period expired; FERC approved transfer of gas supply contracts on Oct 31, 2025.
TPUC approval still required; joint application filed Sep 10, 2025, with target decision by Mar 1, 2026.
Closing expected by end of Q1 2026; no financing condition.
Acquired Business 2024 revenue $289M, excess of revenue over expenses $125M.
Total assets acquired $1.8B as of Dec 31, 2024; total liabilities assumed $226M.

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