Business
Pembina Pipeline Corporation Provides Kinder Morgan Canada Update
Pembina Pipeline Corporation Provides Kinder Morgan Canada Update Canada NewsWire ...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Provides Kinder Morgan Canada Update\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, Dec. 10, 2019\n\n\n\nCALGARY, Dec. 10, 2019 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL; NYSE: PBA) is pleased to announce the results of voting at the special meetings of the Kinder Morgan Canada Limited (\"Kinder Morgan Canada\") (TSX: KML, KML.PR.A, KML.PR.C) holders of restricted voting shares and special voting shares and the holders of preferred shares.\nAt meetings held earlier today, Kinder Morgan Canada's holders of restricted voting shares and special voting shares, voting together as a single class, and holders of preferred shares, voting together as a single class, voted to approve the previously announced plan of arrangement (the \"Arrangement\") pursuant to which Pembina will acquire Kinder Morgan Canada and its businesses through the acquisition of all of the issued and outstanding shares of Kinder Morgan Canada and the Class B limited partnership units of Kinder Morgan Canada Limited Partnership, a wholly-owned subsidiary of Kinder Morgan Canada.  \nAlso, today the Company received the final order from the Court of Queen's Bench of Alberta approving the Arrangement. As previously announced, all material regulatory conditions necessary for completion of the Arrangement have been satisfied. Completion of the Arrangement remains subject to other customary conditions to closing, including the concurrent completion of the sale of the U.S. portion of the Cochin pipeline system by Kinder Morgan, Inc. to Pembina, and is expected to occur on or about December 16, 2019.\nAbout Pembina\nCalgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for 65 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and processing facilities; an oil and na...