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Blue Rhino Corp &
Ferrellgas Partners LP
Update Date: 02/02/09
Date Announced: 02/08/04
Value (million $USD): 350.2 million U.S. Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced02/08/04
Date Originally Announced02/08/04
FormatMergerAcquisition techniquesNot Applicable
AttitudeFriendlyAgencyFederal Trade Commission; Justice Department
Value350.2 million U.S. DollarAdvisor FeesBlue Rhino paid Banc of America a fee of $1 mil for the rendering of its fairness opinion.
SYNOPSIS
US - Ferrellgas Partners LP acquired all the oustanding common stock of Blue Rhino Corp (BR), a provider of grill cylinder exchanges services, from Ferrell Cos Inc, for $17 in cash per share, or a total value of $350.19 mil. The transaction was subject to regulatory, BR shareholders and Hart Scott Rodino Act approvals.
TARGET
NameBlue Rhino Corp (RINO)
IndustriesRetail stores, nec
CityWinston-Salem
StateNC
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionProvide gas grill cylinder exchange services, which links propane distributors with major retailers to provide consumers with a convenient means to exchange empty grill cylinders for clean, safer, precision-filled cylinders
AdvisorsBanc of America Securities LLC
Target Sales253.9 million U.S. Dollar
ACQUIROR
NameFerrellgas Partners LP (FGP)
IndustriesNatural gas liquids; Offices of holding companies, nec; Investors, nec
CityOverland Park
StateKS
NationUnited States
Incorporated inDE
Public StatusPublic
Business DescriptionFerrellgas Partners LP, located in Overland Park, Kansas, provide propane retail services primarily in the United States.
AdvisorsHoulihan Lokey Howard & Zukin
Acquiror Sales1.28 billion U.S. Dollar
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