AmeriGas Partners, L.P.’s Simplification Transaction

Baker Botts, Potter Anderson & Corroon and Latham & Watkins advised on the deal

UGI Corporation (NYSE: UGI) and AmeriGas Partners, L.P. (NYSE: APU) announced a definitive merger agreement pursuant to which UGI will fully consolidate its ownership of APU by acquiring the 69.2 million publicly held common units it does not already own. Under the terms of the merger agreement, APU unitholders will receive 0.50 shares of UGI common stock plus $7.63 in cash consideration for each common unit of APU. APU unitholders will continue to receive a $0.95 per unit distribution for each quarter completed prior to the closing of the merger.

Baker Botts advised AmeriGas Partners, L.P. with a team including Josh Davidson (Picture, Houston); A.J. Ericksen (Partner, Houston); Eileen Boyce (Senior Associate, Houston); Catherine Ellis (Associate, Houston) (M&A); Mike Bresson (Partner, Houston); Jared Meier (Senior Associate, Houston) (Tax) and Rob Fowler (Partner, Houston) (Benefits).

Involved fees earner: Catherine Baker Ellis – Baker Botts; Eileen Boyce – Baker Botts; Michael Bresson – Baker Botts; Joshua Davidson – Baker Botts; A.J. Ericksen – Baker Botts; Rob Fowler – Baker Botts; Jared Meier – Baker Botts;

Law Firms: Baker Botts;

Clients: AmeriGas Partners LP;

Author: Ambrogio Visconti