Amerigas Partners (APU) to acquire Energy Transfer Partners' (ETP) propane ops for $2.9B - $1.5B...

|By:, SA News Editor

Amerigas Partners (APU) to acquire Energy Transfer Partners' (ETP) propane ops for $2.9B - $1.5B cash; $1.3B stock; and $0.1B debt assumption. ETP says the sale will allow it to focus on its pipeline opportunities. After the deal, ETP it will own 34% of APU; before the deal UGI (UGI) had owned 44% of APU. (PR I, II)