11/19/1983 - MTH EnerCorp (MTHE) - ACQUISITION ANNOUNCEMENT
MTH EnerCorp (MTHE) has initiated hostile merger activity against North Jersey Resources Corporation, parent of North Jersey Natural Gas Company. MTH EnerCorp is attempting ot initiate a merger to acquire the resources and holdings of North Jersey Resources. North Jersey Resources management is attempting to defend the company against this takeover threat, stating that the terms of the proposed merger would not be in the interests of the company's stakeholders and shareholders.
About MTH EnerCorp (MTHE):
MTH EnerCorp’s utility subsidiaries distribute natural gas to customers in six states along the eastern seaboard of the US. The company's expanding nonregulated subsidiaries (more than half of revenues) provide retail gas sales; energy trading and brokerage services; energy project development, consulting, and management; billing software and information systems for municipal utilities; and even telecommunications services.