UGI Corp.and AmeriGas Partners LP merged after AmeriGas common unitholders voted to approve the move at a special meeting in August.UGI acquired 69.2 million publicly held AmeriGas common units previously not owned,consolidating its ownership of AmeriGas.With the transaction complete,AmeriGas is no longer a master limited partnership(MLP) and is a wholly owned subsidiary of UGI.”We are pleased to announce the completion of this transaction,which fully consolidates our ownership of AmeriGas and creates a platform for future cash flow and earnings growth for UGI,”says John Walsh,president and CEO of UGI.”The transaction enables us to build on our successful 60-year history in U.S.propane distribution.Additionally,the merger presents an opportunity to further align our LPG distribution operations across the United States and Europe to drive efficiencies and accelerate growth.Lastly,I would like to welcome the AmeriGas unitholders to UGI.We look forward to being ex-ceptional stewards of your capital."“On or about Aug.22,”AmeriGas planned to direct the New York Stock Exchange(NYSE) to file a Form 25 with the Securities and Exchange Commission to start the process of delisting the company's common units from the NYSE and deregistering such common units.
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