CALGARY, Dec. 16, 2019 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) today announced that the Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) has acquired all of the outstanding common equity of KML (including the 70 percent majority voting interest held by Kinder Morgan Inc. (NYSE: KMI)) (the Arrangement). Under the Arrangement, KML shareholders are now entitled to receive .3068 shares of Pembina for each KML share held at the effective time of the Arrangement.
Pursuant to the Arrangement, KML has been amalgamated with a wholly-owned subsidiary of Pembina and the outstanding KML preferred shares have been exchanged … Continue Reading