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 |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 02/08/04 | | |
| Date Originally Announced | 02/08/04 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | Federal Trade Commission; Justice Department |
| Value | 350.2 million U.S. Dollar | Advisor Fees | Blue 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 |
| Name | Blue Rhino Corp (RINO) |
| Industries | Retail stores, nec |
| City | Winston-Salem |
| State | NC |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Provide 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 |
| Advisors | Banc of America Securities LLC |
| Target Sales | 253.9 million U.S. Dollar |
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| ACQUIROR |
| Name | Ferrellgas Partners LP (FGP) |
| Industries | Natural gas liquids; Offices of holding companies, nec; Investors, nec |
| City | Overland Park |
| State | KS |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Ferrellgas Partners LP, located in Overland Park, Kansas, provide propane retail services primarily in the United States. |
| Advisors | Houlihan Lokey Howard & Zukin |
| Acquiror Sales | 1.28 billion U.S. Dollar |
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