Latham Aids Suburban On $1.8B Inergy Propane Unit Buy

Law360, New York (April 26, 2012, 12:46 PM EDT) -- Suburban Propane Partners LP and one of its subsidiaries will take over Missouri-based Inergy LP's retail propane business for $1.8 billion, doubling its customer base and providing new growth and cash flow, the buyer said Thursday.

In the proposed deal, Suburban would offer $1 billion in newly exchanged senior notes, $200 million in cash and $600 million worth of new shares in the company. The two parties said they expected to receive regulatory approval and close the transaction in the fourth quarter of this year....
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