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Inergy, L.P. Message Board

altraelectronics 1 post  |  Last Activity: Sep 10, 2013 4:03 PM Member since: May 6, 2013
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    Why would NRGM's secondary bring CMLP down?

    by mentges Sep 10, 2013 1:28 PM altraelectronics Sep 10, 2013 4:03 PM Flag

    The way I understand it NRGY is the general partner, NRGM and CMLP combined become the limited partner, using the ticker NRGM. When we owned NRGY before July we had a 43% ownership of NRGM. To make the merger happen they separated NRGM from NRGY in late July. That's why we receive units of NRGM and the price of NRGY was reduced by 43%. Only lawyers and accountants can invent these schemes. Today they sold 4 million shares to pay off debt and buy more assets. In theory this should be good for us in the future.

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