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Inergy, L.P. Message Board

  • robbhyland robbhyland Oct 8, 2010 10:46 AM Flag

    Arbitrage Spreads On Pending Mergers & Acquisitions

    10:32 AM ET 10/8/10 | Dow Jones

    Inergy Holdings, L.P. (NRGP), Inergy, L.P. (NRGY)

    Premium offered: $0.21 or 0.68%
    Acquirer: NRGY
    Target: NRGP
    Shares offered per share: 0.77 shares
    Value of offer per share: $31.26
    Value of outstanding BK common equity: $1,924,801,340
    NRGY share price: $40.60
    NRGP share price: $31.05
    Expected closing: 4Q 2010 11/15/2010
    Annualized gain: 6.47%
    Note: NRGP unitholders will receive 0.77 NRGY common units in exchange for
    each NRGP common unit they own at closing. They will vote on the merger Nov. 2.