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Inergy, L.P. Message Board

  • lizahuang54321 lizahuang54321 Apr 30, 2012 4:36 PM Flag

    what was the point?

    A lot of people are assuming NRGY will at some point drop down its remaining midstream assets to NRGM and subsequently NRGM will buy out the IDRs of NRGY in a merger akin to what NRGY did when it bought NRGP.

    If so, what was the point of spinning off NRGM in the first place? Seems like MRGY could just have done the propane sale and they would already be in the same place these roadmaps are leading. Why go through the expense of spinoff and re-merger to end up back where you started?

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