Chesapeake Utilities To Acquire Florida Public

DOVER, Del. (AP) — Chesapeake Utilities Corp., a natural gas and propane provider, said Monday that it agreed to acquire Florida Public Utilities Co. for about $73.5 million in stock.

The deal, which is expected to close during the fourth quarter pending regulatory and shareholder approval, was unanimously approved by the boards of both companies on Friday.

Chesapeake expects the addition to create a combined energy company serving about 200,000 customers in the Mid-Atlantic and Florida markets with $595 million in assets. ...