Bernhard Capital agrees to buy Entergy’s gas distribution business

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Baton Rouge-based Bernhard Capital Partners has agreed to buy Entergy’s gas distribution business for about $484 million, the companies announced today.  State and local regulators would have to approve the deal, which is expected to close in about 21 months.  Entergy Louisiana’s gas business serves approximately 95,000 homes and businesses in the Baton Rouge area,

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