fbpx
Big Law

UGI to buy rest of AmeriGas in $2.44B deal

Energy distributor UGI Corp said on Tuesday it would buy the remaining nearly 75 percent it does not own in retail propane marketer AmeriGas Partners LP in a cash-and-stock deal valued at $2.44 billion.

In the AmeriGas deal, shareholders will receive 0.50 shares of UGI in addition to $7.63 in cash for each share owned, the companies said in a statement. The offer represents a premium of 13.5 percent to AmeriGas’s Monday closing price. The company’s shares were up 13 percent.

Read the source article at Legal News & Business Law News

Leave a Review or Comment

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close