Inergy (NRGY) Approves $100M Common Unit Buyback

August 20, 2012 7:46 AM EDT
Inergy, L.P. (NYSE: NRGY) announced that its Board of Directors has authorized the repurchase of up to $100 million in value of the Partnership’s outstanding common units from time to time through March 31, 2013, in open market transactions, including block purchases.

The unit repurchase program authorizes the Partnership to make repurchases on a discretionary basis as determined by its management subject to market conditions, applicable legal requirements, available liquidity, and other appropriate factors as determined by such officers. The unit repurchase program does not include specific price targets and may be modified or suspended at any time and could be terminated prior to completion. Any repurchased common unit will be cancelled.

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