Sat, May 25, 2013, 2:13 AM EDT - U.S. Markets closed
Looks like SPH has received the appropriate participation in the exchange. This means, barring any other issues, the NRGY/SPH transaction should be consumated.SPH had to sweeten the offer with a .5% increase but it looks like it was enough.The completion of this transaction should be worth another $1 or $2 boost at NRGY.Now we need an accretive acquisition at NRGM in the near term to go along with the pipeline project.
SPH recently announced a distribution. Does NRGY own the 13+ million units of SPH received in the deal or is everything on hold until approved Q4?