April 2, 2019 / 10:50 AM / 4 months ago

UGI Corp to buy remaining 75 pct of AmeriGas Partners for $2.44 bln

April 2 (Reuters) - Energy distributor UGI Corp said on Tuesday it will acquire the remaining shares of retail propane marketer AmeriGas Partners L.P., which it does not currently own, for $2.44 billion.

Under the deal terms, AmeriGas unitholders will receive 0.50 shares of UGI in addition to $7.63 in cash for each share of their own.

The offer represents a premium of 13.5 percent to AmeriGas’ Monday close. (Reporting by Shradha Singh in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below