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..and NRGY unit holders get SPH shares to boot. At first blush I would say that this appears to be an excellent deal. pretty big dilution for SPH to make this deal happen.
What % SPH units for holders of NRGY? Thanks.
The article does not indicate a swap %, only $600m. To me that means that swap % is not determined until the sale date. $600m divided by total NRGY shares sounds like a pretty good deal.More details on conference call later today.