The Motley Fool Discussion Boards

Previous Page

Stocks I / Inergy, L.P.

URL:  http://boards.fool.com/suburban-acquires-retail-business-30018405.aspx

Subject:  Suburban acquires retail business Date:  5/3/2012  9:07 PM
Author:  Razz037 Number:  5 of 10

http://www.ft.com/cms/s/0/ac881bd0-8fd0-11e1-beaa-00144feab4...


Suburban Propane will acquire the retail business of Inergy for $1.8bn to form the third-largest US distributor by volume of propane, a gas used as fuel for rural businesses and homes and backyard barbecues.

And for Inergy:


The disposal of Inergy’s retail business will allow the company to focus on its pipeline business, a move welcomed by analysts.

“Proceeds from the sale of the retail propane business will substantially improve [Inergy’s] balance sheet,” said Elvira Scotto, an RBC Capital Markets analyst who added the deal better positioned Inergy for future growth.


Razz
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us