UIL Holdings unit accepts tenders for 65.04% of $3.125-par preferreds

By Jennifer Chiou

New York, June 6 – UIL Holdings Corp. wholly owned subsidiary CTG Resources, Inc. said it accepted tenders for 70,699 shares, or 65.04%, of the $3.125-par preferred stock of its subsidiary, Connecticut Natural Gas Corp.

The offer ended at 5 p.m. ET on June 5.

The company said it will pay $10.25 per share.

Computershare Trust Co., NA is the depositary. Georgeson, Inc. is the information agent.

UIL Holdings is a New Haven, Conn.-based diversified energy delivery company.

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