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Author: Razz037 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10  
Subject: Suburban acquires retail business Date: 5/3/2012 9:07 PM
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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
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