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home / news releases / UGI - UGI explores strategic alternatives for LPG business

UGI - UGI explores strategic alternatives for LPG business

UGI Corporation

2023-08-30 17:14:17 ET

  • UGI Corporation ( NYSE: UGI ) has initiated a process to evaluate potential strategic alternatives, especially focusing on the LPG businesses, the company said Wednesday.
  • The company said it is exploring a full range of options with the goal of reducing UGI’s earnings volatility and strengthening its balance sheet.
  • The review will also look to optimize the company's cost structure and re-align its capital allocation priorities.
  • UGI has engaged Goldman Sachs & Co., LLC, and J.P. Morgan Securities, LLC, as advisors in its review of strategic alternatives.
  • Press Release .
  • Shares +7.2% at $24.78 after hours.

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UGI explores strategic alternatives for LPG business
Stock Information
Company Name: UGI Corporation
Stock Symbol: UGI
Market: NYSE
Website: ugicorp.com
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