UGI Corp. and AmeriGas Partners L.P. have completed the merger transaction that was announced earlier this year. UGI acquired the approximately 69.2 million public common units of AmeriGas it did not already own in completing the buy-in of AmeriGas, the nation’s largest retail propane marketer.
The completion of the transaction fully consolidates UGI’s ownership of AmeriGas and creates a platform for future cash flow and earnings growth for the company. The merger also presents an opportunity to further align UGI’s LPG distribution operations across the U.S. and Europe to drive efficiencies and accelerate growth.
Effective after the end of trading today, AmeriGas’ common units will no longer trade on the New York Stock Exchange.