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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 16, 9:24 AM

Slide #4. Lehigh Gas Partners LP Secondary Offering

Company: Lehigh Gas Partners LP (NYSE:LGP)
Date announced: 9/15/2014
Shares Offered: 3,600,000
Secondary Offering Details: Lehigh Gas Partners LP (NYSE:LGP) (the "Partnership" or "Lehigh Gas Partners") announced today the commencement of a public offering of 3,600,000 common units representing limited partner interests in the Partnership. In connection with the offering, the Partnership expects to grant the underwriters a 30-day option to purchase up to an additional 540,000 common units.

Lehigh Gas Partners is engaged in the distribution of motor fuels, consisting of gasoline and diesel fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuels. Co. operates from the wholesale distribution of motor fuels to retail sites and from real estate leases and, on a select basis, through the retail distribution of motor fuels at certain sites. As of Dec 31 2013, Co. distributed motor fuels to 812 sites and to 16 sub-wholesalers. Co.'s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee and Virginia. Co. also distributes motor fuel in Georgia.
Open the LGP Page at The Online Investor »

Company Name:  Lehigh Gas Partners LP
Website:  www.lehighgaspartners.com
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding LGP:  1
Total Market Value Held by ETFs:  $205186
Total Market Capitalization:  $272.00M
% of Market Cap. Held by ETFs:  0.08%
 

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September 16, 2014    9:24 AM Eastern
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Buy (3.40 out of 4)
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