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The entire deal, including debt, is estimated at $12 billion.

Southern Co, the parent company of Mississippi Power, reached a deal to purchase natural gas company AGO Resources for about $7.93 billion, according to multiple reports. The existing shareholders of AGL Resources will receive $66 for every common share of the company, a premium...

Shares of AGL Resources (GAS – Get Report) are skyrocketing by 28.86% to $61.70 in pre-market trading on Monday morning, after the natural gas distribution company announced that it will be acquired by Southern Co.