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Pembina to acquire Kinder Morgan’s oil assets
Aug. 22, 2019
Source: Reuters

Pembina to acquire Kinder Morgan’s oil assets

Calgary-based Pembina Corp. has agreed to buy Kinder Morgan Canada and the U.S. division of the Cochin Pipeline system in a $3.27 billion deal. Pembina will acquire Kinder Morgan Canada in an all-stock deal, valuing the Canadian assets of the pipeline giant at about C$15.02 per share. This represented a premium of 36.8% to stock’s Tuesday close.

   Read More About : Canada Mergers and Acquisitions Pipelines Kinder Morgan
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