Lehigh Gas Partners LP Prices Initial Public Offering Thursday, October 25, 12:38 PM ET
Lehigh Gas Partners LP, a Delaware limited partnership, announced today it has priced its IPO of 6,000,000 common units representing limited partner interests in Lehigh Gas Partners at $20.00 per common unit.
The common units will trade on the New York Stock Exchange under the symbol "LGP" beginning on October 25, 2012. The New York Stock Exchange relied, for approval of the listing, upon adjusted 2010 financial information which is included in the original listing application and is available to the public upon request.
The Offering is expected to close on October 30, 2012 subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 900,000 common units.
Lehigh Gas Partners, headquartered in Allentown, PA, was formed to engage in the wholesale distribution of motor fuels and to own and lease real estate used in the retail distribution of motor fuels. Lehigh Gas Partners owns and leases sites located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire and Maine.
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