Suburban Propane Partners To Acquire The Retail PrSuburban Propane Partners to Acquire the Retail Propane Operations of Inergy, L.P.
posted by aloyrichter 74 days ago under united advisory partners, suburban propane partners to acquire the retail pr, l-p
WHIPPANY, N.J., April 26, 2012 — /PRNewswire/ — Suburban Propane Partners, L.P. (NYSE: SPH) (“Suburban”), announced that it has reached a definitive agreement with Inergy, L.P. (NYSE: NRGY) (“Inergy”), Inergy GP, LLC and Inergy Sales & Service, Inc. (“Inergy Sales”) to acquire (the “Inergy Propane Acquisition”) the sole membership interest in Inergy Propane, LLC, now owned by Inergy, including certain wholly-owned subsidiaries of Inergy Propane, LLC, and the assets of Inergy Sales (such interests and assets collectively, “Inergy Propane”). At the time of the closing of the Inergy Propane Acquisition, and following certain pre-closing transactions, Inergy Propane will consist of the retail propane assets and operations of Inergy.
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