AmeriGas Partners Reports Conversion of Subordinated Units.Business Editors VALLEY FORGE Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. , Pa.--(BUSINESS WIRE)--Dec. 16, 2002 AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE NYSE See: New York Stock Exchange :APU APU Azusa Pacific University APU Auxiliary Power Unit APU Alaska Pacific University APU Asia Pacific University (Japan) APU American Public University APU Anglia Polytechnic University (Chelmsford) ), reported that, pursuant to the Amended and Restated Agreement of Limited Partnership of AmeriGas Partners, the Partnership has satisfied the cash-based performance and distribution requirements necessary to convert the remaining 9,891,072 Subordinated Units, all of which were held by AmeriGas Propane, Inc., to Common Units effective November 18, 2002. The conversion does not increase the total number of limited partner units outstanding. AmeriGas Partners is the nation's largest retail propane marketer, serving 1.2 million customers from approximately 650 locations in 46 states. UGI Corporation
Under the UGI Utilities, Inc. (NYSE:UGI UGI abbr. upper gastrointestinal (as in series) ), through subsidiaries, owns 51% of the Partnership and individual unitholders own the remaining 49%. Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion