ContractInergy L P • August 29th, 2013 • Retail-nonstore retailers
On June 19, 2013, Crestwood Holdings Partners, LLC and its affiliates (Crestwood Holdings) acquired the general partner of Inergy, L.P. (NRGY) and contributed its ownership of Crestwood Gas Services GP LLC (Crestwood Gas Services), including Crestwood Gas Services’ incentive distribution rights, to NRGY in exchange for NRGY common units. On May 5, 2013, Crestwood Midstream Partners LP (CMLP) entered into a definitive merger agreement under which it will be merged with a subsidiary of Inergy Midstream, L.P. (NRGM) in a merger in which CMLP’s unitholders will receive 1.07 units of NRGM for each unit of CMLP they own. Additionally, under the merger agreement, CMLP’s unitholders (other than Crestwood Holdings) will receive a one-time approximately $35 million cash payment at the closing of the merger transaction, or $1.03 per unit, $25 million of which will be payable by NRGM and approximately $10 million of which will be payable by Crestwood Holdings. The merger is contingent upon the app
