UGI Corporation (NYSE: UGI) announced today its intention to offer, subject to market and other conditions, 2,000,000 equity units (the “units”) in a public offering registered under the Securities Act of 1933, as amended. UGI also expects to grant the underwriters of the units a 30-day option to purchase up to an additional 200,000 units solely to cover over-allotments. UGI intends to use the net proceeds from the offering to pay a portion of the purchase price of its previously announced pending acquisition of Mountaineer Gas Company, and related fees and expenses, and for general corporate purposes.
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