A PYMNTS Company

Final FTC order settling AmeriGas-Energy Transfer Partners deal remains unmodified

 |  February 28, 2012

The FTC has voted 4-0 not to modify a final order settling charges against AmeriGas’ proposed acquisition of its rival, Heritage Propane. The order excludes from the sale Heritage Propane Express, a cylinder exchange business, thereby preserving it as a competitor. AmeriGas is the country’s largest propane distributor; Heritage Propane is owned by Energy Transfer Partners. The FTC had found that the acquisition would raise prices for propane exchange cylinders.

Source: FTC Press Release