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Tuesday, April 04, 2017 3:28:54 PM
New Jersey Resources (NJR +2%) and South Jersey Industries (SJI +3%) are holding merger talks that would bring together two natural gas utilities in the state, WSJ reports.
No further details are known, according to the report.
Rising revenue has fueled takeover interest in natural gas producers, and there has been a flurry of deal making over the past year.
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