Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$apu AmeriGas Partners LP (APU)
$31.22 ? 0.0 (0.00%)
Volume: 0 @-
What does that mean, Taurus?
APU is merging with UGI sometime in the fourth quarter.
Don't know what news can move it.
.50 shares of UGI for every 1 share of APU + 7.63 in cash per share.
There goes a good dividend!
https://www.dividendinvestor.com/dividend-history-detail/apu/
https://www.dividendinvestor.com/dividend-history-detail/ugi/
Reuters
April 2, 2019
https://finance.yahoo.com/news/ugi-corp-buy-75-percent-111730369.html
- 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.
Pennsylvania-based UGI also cut its fiscal 2019 profit forecast because of a warmer-than-normal winter in Europe, pushing its shares down 7 percent.
The company now expects a full-year profit of $2.40-$2.60 per share, compared with its previous forecast of $2.75-$2.95.
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 in morning trade on Tuesday.
"This transaction significantly enhances UGI's free cash flow, one of the key elements of our long-term success," UGI Chief Executive Officer John L. Walsh said on a conference call with analysts.
"It will allow us to increase our dividend by a cumulative 25 percent," he added.
For AmeriGas, the deal allows it to get out of a complex master limited partnership structure and will let it pay down some debt.
The company's total debt was $2.8 billion as of September 2018, according to a regulatory filing.
News: $APU Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of AmeriGas Partners, L.P. (APU) on Behalf of Stockholders and Encourages APU Investors to Contact the Firm
NEW YORK, April 02, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of AmeriGas Partners, L.P. (NYSE: APU) on behalf of stockholders concerning the proposed acquisition of the company by UGI Corporation (NYSE: UGI). ...
In case you are interested https://marketwirenews.com/news-releases/bragar-eagel-squire-p-c-is-investigating-the-board-of-directors-of-amerigas-partners-l-p-apu-on-behalf-of-stockholders-and-encourages-apu-investors-to-contact-the-firm-7935032.html
News: $APU ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of AmeriGas Partners, L.P.
NEW YORK , April 2, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against AmeriGas Partners, L.P. (NYSE: APU) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by UGI Corporation (NYSE: UGI). Stockholde...
Find out more https://marketwirenews.com/news-releases/alert-rowley-law-pllc-is-investigating-proposed-acquisition-of-amerigas-partners-l-p--7934368.html
News: $APU UGI to Acquire 100% of the Publicly Held Units of AmeriGas Partners, L.P.
Proposed acquisition of third party common units follows comprehensive strategic review of AmeriGas Transaction beneficial to both companies Unitholders of AmeriGas to receive cash and stock consideration representing a premium of 13.5% to AmeriGas’ current trading pri...
Got this from https://marketwirenews.com/news-releases/ugi-to-acquire-100-of-the-publicly-held-units-of-amerigas-partners-l-p--7929726.html
Followers
|
0
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
95
|
Created
|
01/11/10
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |