Business
Pembina and Veresen Announce Court of Queen's Bench Approval of Business Combination
Pembina and Veresen Announce Court of Queen's Bench Approval of Business Combination ...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina and Veresen Announce Court of Queen's Bench Approval of Business Combination\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, July 12, 2017\n\n\n\nCALGARY, July 12, 2017 /CNW/ - Pembina Pipeline Corporation (TSX:PPL; NYSE: PBA) (\"Pembina\") and Veresen Inc. (TSX: VSN) (\"Veresen\") are pleased to announce that following the approval of Veresen's Common and Preferred Shareholders announced on July 11, the Court of Queen's Bench of Alberta has approved the previously announced plan of arrangement between Pembina and Veresen (the \"Transaction\") to create one of the largest energy infrastructure companies in Canada. \n\nClosing of the Transaction remains subject to certain conditions, including certain regulatory and government approvals and other customary closing conditions. Pembina and Veresen continue to expect the Transaction will close late in the third quarter or early in the fourth quarter of 2017.\n\nAbout Pembina\n\nCalgary-based Pembina is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada. The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all of its stakeholders is sustainable over the long term. Pembina's common shares trade on the Toronto and New York stock exchanges under, respectively. Pembina's preferred shares also trade on the Toronto...