Exchange ratio of .3068 Pembina shares for each share of KML common equity;
Consideration represents a 38 percent premium to KML’s closing price on August 20, 2019
CALGARY, Aug. 21, 2019 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) today announced that it has reached an agreement with Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) under which Pembina has agreed to acquire all of the outstanding common equity of KML (including the 70 percent majority voting interest held by Kinder Morgan Inc. (NYSE: KMI)), subject to the terms of the arrangement agreement between KML and Pembina. … Continue Reading