Plus   Neg

Pembina Pipeline To Buy Kinder Morgan Canada - Quick Facts

Pembina Pipeline Corp. (PPL.TO,PBA) said it will acquire Kinder Morgan Canada Limited (KML.TO) and Cochin US from Kinder Morgan. The deal values Kinder Morgan Canada at approximately C$2.3 billion, or C$15.02 per share. Total purchase price is approximately C$4.35 billion. The deal includes the U.S. portion of the Cochin Pipeline system, the Edmonton storage and terminal business and Vancouver Wharves, a bulk storage and export/import business.

The company said the transaction will be immediately accretive to adjusted cash flow per share.

Pembina's board has approved a C$0.01 per share, or approximately five percent, increase to its monthly share dividend rate.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers union on Sunday called for a strike at General Motors at midnight after both the parties failed to reach a tentative deal before a Saturday deadline. The last time the union declared a strike at GM was in 2007. General Motors has detailed its most recent offer, including 5,400 jobs and $7 billion in investment at its US plants. The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union.... Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among...
Follow RTT