BRITISH GAS TO PURCHASE TORONTO GAS UTILITY

British Gas, London, plans to hike its Canadian assets via an offer of $1.108 billion (Canadian) or more for the common stock of Consumers Gas Co. Ltd., Toronto. British Gas will make the offer after receiving regulatory approvals, probably in several months. G W Utilities Ltd., Toronto, which owns 82% of Consumers common stock, agreed to accept the British offer of $34/share. Consumers is a utility that serves more than 1 million customers in Ontario, Quebec, and New York state. The value of

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