National Fuel Gas (NFG) has disclosed a new risk, in the Corporate Activity and Growth category.
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The planned acquisition of CenterPoint Ohio by National Fuel Gas faces significant uncertainties, as it hinges on the fulfillment of various closing conditions and regulatory approvals, which are not guaranteed. The potential failure or delay in securing these approvals could lead to the termination of the Securities Purchase Agreement, possibly incurring a substantial termination fee. Such outcomes may adversely impact the company’s stock trading price and its future financial performance. The agreement allows for termination if the acquisition is not completed within eighteen months, with possible extensions, adding further uncertainty to the timeline.
Overall, Wall Street has a Hold consensus rating on NFG stock based on 1 Buy and 3 Holds.
To learn more about National Fuel Gas’ risk factors, click here.