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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 1, 1996
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United Cities Gas Company
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(Exact name of registrant as specified in its charter)
Illinois & Virginia 0-12841 36-1801540
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
5300 Maryland Way, Brentwood, Tennessee 37027
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (615) 373-5310
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ITEM 5. OTHER EVENTS
Pursuant to Instruction F to Form 8-K, the information contained in
the press release filed as Exhibit 99.1, hereto is hereby incorporated by
reference in answer to Item 5 of this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED CITIES GAS COMPANY
Date: July 1, 1996 By /s/ James B. Ford
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James B. Ford
Senior Vice President and Treasurer
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EXHIBIT INDEX
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EXHIBIT SEQUENTIALLY
NUMBER DESCRIPTION OF EXHIBIT NUMBERED PAGE
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99.1 Press release dated July 1, 1996 relating to the acquisition of Monarch
Gas Company
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E-1
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Exhibit 99.1
NEWS RELEASE
FOR RELEASE: CONTACT:
Immediate Linda Kelley
615-373-0104
Ext. 224
UNITED CITIES COMPLETES ACQUISITION OF MONARCH GAS COMPANY
BRENTWOOD, TENN.--July 1, 1996--United Cities Gas Company, (NASDAQ:UCIT),
a multistate distributor of natural and propane gas, announced today it has
completed its acquisition of Monarch Gas Company, a 3000-customer gas
distribution company in St. Elmo, Illinois.
The acquisition agreement executed between United Cities and Monarch's
two shareholders, Charles R. Lowe and Martha E. Lowe, provides for a tax-free
pooling of interests and gives the Lowes' a total of 207,366 shares of United
Cities' common stock in exchange for all of the issued and outstanding capital
stock of Monarch Gas Company. The current market value of United Cities' stock,
as of June 28, was $15.125 per share.
"We are pleased to expand our customer base and believe this new service
territory is a natural fit with our existing service area in Illinois," said
Gene C. Koonce, United Cities' chairman, president and CEO. United Cities
already served approximately 22,000 customers in Illinois with offices in
Harrisburg, Metropolis, Vandalia, and Virden, Illinois. Koonce said the newly
acquired customers will be served out of United Cities' Vandalia office.
United Cities Gas Company is a distributor of natural and propane gas,
serving approximately 335,000 customers in ten states. The company is also
engaged in other energy-related businesses.
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