National Fuel Gas Plans To Separate Into Two Independent, Publicly Traded Companies Via Spin-Off Of Its Integrated Upstream And Gathering Business; Upon Completion, Shareholders Will Own Shares In Both NFG And IUG With NFG Retaining A 19.9% Stake In IUG
Transaction DetailsNational Fuel intends to separate IUG through a pro rata distribution of shares of IUG to National Fuel shareholders in a manner that is intended to be tax-free for National Fuel and its shareholders