By Dallas Business Journal

Atmos Energy Corp. said Thursday it will repurchase $100 million in outstanding common stock from Goldman, Sachs & Co.

The natural gas distributor said the repurchase is being initiated to offset grants made in employee and director incentive compensation plans and to raise capital to increase shareholder value.

Dallas-based Atmos (NYSE: ATO) expects the initiative to add one to two cents per diluted share to the companyâ¿¿s fiscal 2010 earnings per diluted share. The repurchase agreement will end in March 2011.

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