Deal Description: On April 2, 2019, UGI Corporation (NYSE: UGI) and AmeriGas Partners, L.P. (NYSE: APU) announced a definitive merger agreement pursuant to which UGI will fully consolidate its ownership of APU by acquiring the 69.2 million publicly held common units it does not already own. Under the terms of the merger agreement, APU unitholders will receive 0.50 shares of UGI common stock plus $7.63 in cash consideration for each common unit of APU. APU unitholders will continue to receive a $0.95 per unit distribution for each quarter completed prior to the closing of the merger.
Target: AmeriGas Partners, L.P.
Outside Counsel to AmeriGas Partners, L.P.: Baker Botts L.L.P.
Inside Counsel to AmeriGas Partners, L.P.: Michelle Bimson Maggi, Group Counsel and Director of Government Affairs
Financial Advisor to AmeriGas Partners, L.P.: Tudor, Pickering, Holt & Co.
Outside Counsel to Audit Committee of the Board of Directors of AmeriGas Propane, Inc.: Potter Anderson & Corroon LLP
Other Party: UGI Corporation
Outside Counsel to UGI Corporation: Latham & Watkins LLP
Inside Counsel to UGI Corporation: Monica M. Gaudiosi, Vice President, General Counsel and Secretary
Financial Advisor to UGI Corporation: J.P. Morgan Securities LLC
Baker Botts Lawyers/Office Involved:
For more information, please see UGI’s and APU’s news release [link].
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