Suburban Propane Partners (SPH) -1.2% premarket on news that it plans to sell 6.3M common units...

|About: Suburban Propane Partners LP (SPH)|By:, SA News Editor

Suburban Propane Partners (SPH) -1.2% premarket on news that it plans to sell 6.3M common units in a secondary public offering at $37.61 each. Proceeds will be used to pay back borrowings of $225M related to its recent acquisition of Inergy’s retail propane operations.