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UGI'S COMMON STOCK OFFERING IS PRICED AT $21 PER SHARE

 UGI'S COMMON STOCK OFFERING IS PRICED AT $21 PER SHARE
 VALLEY FORGE, Pa., Sept. 23 /PRNewswire/ -- UGI Corp. (NYSE: UGI), a


holding company with utility and propane marketing subsidiaries, today reported that its proposed public offering of up to 2,645,000 shares of common stock, including 345,000 shares for over-allotments, has been priced at $21 a share.
 The shares will be offered to the public through a group of underwriters led by Donaldson, Lufkin & Jenrette Securities Corporation. Goldman, Sachs & Co. and Smith Barney, Harris Upham & Co. Incorporated are co-managers. On Aug. 31, UGI had 27,057,235 common shares outstanding.
 UGI said it will use the net proceeds of up to $53,400,000 principally to reduce the long-term and short-term debt of its UGI utilities subsidiary which operates gas and electric utilities in eastern Pennsylvania.
 /delval/
 -0- 9/23/92
 /CONTACT: Vince Testa of UGI, 215-337-1000/
 (UGI) CO: UGI Corporation ST: Pennsylvania IN: UTI SU: OFR


MP-MK -- PH007 -- 2545 09/23/92 10:25 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
Words:168
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