Spire to Acquire CorEnergy’s MoGas and Omega Pipeline Systems

(24/7 MARKET NEWS) – CorEnergy Infrastructure Trust, Inc. (NASDAQ:CORR) stated, this morning, that it signed a definitive agreement to sell its MoGas and Omega pipeline systems to Spire Inc. (SR) for approximately $175 million in cash, subject to final working capital adjustments, which is expected to close in the third quarter 2023.

CorEnergy is trading at $1.16, up 0.14 (+13.74%) $1.31, up $0.29 (+28.43%), on 2M shares traded.

Its 52-week range is $0.96 to $3.48. If the trading volume strengthens, it could try to challenge its early March price levels.

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