Scana-Dominion Deal Offers Triple Play: Buy the Stocks or Buy the Deal Spread
We are reaffirming our $60 fair value estimate for Scana on a stand-alone basis and adjusted for Dominion Energy's $14.6 billion all-stock acquisition offer, announced Jan. 3. After more regulatory and political posturing this week, Scana's stock now trades at a 22% discount to Dominion's deal-implied offer, up from an 8% discount the day of the deal announcement.We think Morningstar's methodology offers a unique way for investors to assess three investment possibilities: Buy either company's s...
Dominion Energy is a holding company. Through its subsidiaries , the company is engaged in producing and transporting energy. The company's operations are conducted through its subsidiaries: Virginia Electric and Power Company, which is a regulated public utility that generates, transmits and distributes electricity for sale in Virginia and North Carolina; and Dominion Energy Gas Holdings, LLC, which serves as the intermediate parent company for the company's Federal Energy Regulatory Commission-regulated interstate natural gas transmission pipeline and underground storage systems in the eastern and Rocky Mountain regions, as well as for the liquefied natural gas import/export and storage facility.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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