By Maria Armental

Dominion Resources Inc. (D) plans to raise about $750 million through a stock offering, the U.S. utility company said Monday.

The Virginia-based company said it plans to sell 10.2 million shares and use the proceeds for general corporate purposes, including its planned $4.4 billion acquisition of Questar Corp.

The offering, underwritten by Citigroup, is expected to close on April 8.

Shares, up 4% over the past 12 months, fell 1.5% to $73.46 in after-hours trading.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

April 04, 2016 17:44 ET (21:44 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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