C&T Enterprises and Corning Natural Gas Corporation have reached an agreement in which C&T has agreed to acquire the stock of the Corning-based natural gas utility subject to customary conditions. The companies will file jointly to transfer ownership of Corning Natural Gas (CNG) from its stockholders to C&T Enterprises, a jointly owned subsidiary of Claverack and Tri-County Rural Electric Cooperatives.

Bryant Park Capital acted as financial advisor and rendered a fairness opinion to Corning Natural Gas Corporation in connection with this transaction.