Fri, May 24, 2013, 12:39 PM EDT - U.S. Markets close in 3 hrs 21 mins
If i own 2000 shares of nrgy..what will i own with this transation?? thanks..divy investor who does not have the gray matter to figure this one outthanks
So if I assume a 10% yield on the NRGY stock it has a $11-$12 value plus the SPH shares. I first thought this transaction was worth $20 to $25 but I do not see it yet. What am I missing
OK thanks lots. This makes sence.
Six of one, half dozen of the other. Either way, the distribution stays about the same unless you sell the SPH shares .
No. Look at their presentation on their website. You will get $1.50 per share until the deal closes, then NRGY's distribution steps down to $1.14-15. You will then start getting the SPH distribution on your SPH shares.
Are NRGy owners going to get 150 dist per share plus SPH dist.0f 3.51/.11 per share
Sounds like a good deal all around.
Fourth quarter 2012 was mentioned in the press release as projected closing. Very little regulatory sign off is needed. All debt holders who are swapped to Suburban for NRGY must agree to terms, but are given a cash incentive to make the swap. It should go smoothly..
When will it close.. is there a date??
You will own 2000 shares (actually units) of NRGY, plus some SPH units.
You will own 2000 NRGY and 220 SPH