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Panhandle Eastern To Acquire Associated Natural Gas Corp.

October 11, 1994

DENVER (AP) _ Panhandle Eastern Corp. has agreed to acquire Associated Natural Gas Corp. of Denver in a stock swap valued at $830 million, the companies announced.

The proposed deal, announced Monday, would combine Associated’s localized natural-gas gathering, transmission and marketing operations with Panhandle’s interstate-pipeline business.

Associated, which had $1 billion is sales last year, will operate as a subsidiary of Panhandle.

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