Shearman Guides AmeriGas In $2.9B Energy Transfer Buy

Law360, New York (October 17, 2011, 12:58 PM ET) -- AmeriGas Partners LP on Monday added the propane and propane products units of Energy Transfer Partners LP in a deal valued at approximately $2.9 billion.

As part of the deal, AmeriGas Partners subsidiary AmeriGas Propane Inc. will take on Energy Transfer units Heritage Operating LP and Titan Energy Partners LP in exchange for $1.5 billion in cash and around $1.3 billion in AmeriGas common units. AmeriGas also agreed to take on around $71 million in Energy Partners debt.

Heritage and Titan will bring over 1 million...
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