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Inergy, L.P. Message Board

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  • chrisjcrash chrisjcrash Apr 26, 2012 9:24 AM Flag

    Propane sale math

    I would not figure the per share part of the transaction yet. NRGY unit holders are getting $600m worth of SPH no matter what the share price is at the time of the sale. At least that is how read it. At today's SPH price that is about 40% of SPH market cap. Of course that could change.

    I cannot believe that SPH is not tanking yet in premarket.