The deal is expected to close in the fourth fiscal quarter of 2012. We do have to go through Hart-Scott-Rodino and it’s also contingent on the bond exchange.Kind of flipping forward to slide six, that’s just a – kind of structurally what we look like in showing the – this transaction. You can see the – we expect that for – in exchange for our $1.2 billion in senior notes, our note holders will receive $1 billion in new Suburban notes and $200 million in cash. Suburban is acquiring the entity Inergy Propane, LLC. Prior to the transaction, we will move our West Coast business and our Inergy Services business, which is our wholesale marketing and NGL supply and logistics business, out of Inergy Propane, LLC before the transfer.
Inergy's CEO Hosts Investor Conference Call (Transcript)
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