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Ferrellgas Partners L.P (FGP)

  • Mon, Jun. 1, 8:29 AM
    • Ferrellgas Partners (NYSE:FGP) agrees to acquire privately-held integrated crude oil midstream services provider Bridger Logistics for $837.5M, including $562.5M in cash and 11.2M units.
    • FGP says the move positions it to significantly expand its midstream platform, and expects it to be immediately accretive and supportive of future distribution growth.
    • FGP also announces a dividend increase to $0.5125/unit, $2.05 on an annualized basis, effective following the closing of the transaction.
    | Mon, Jun. 1, 8:29 AM | 4 Comments
Company Description
Ferrellgas Partners LP is engaged in the retail distribution of propane and related equipment and midstream operations.