Edition:
India

Pembina Pipeline To Acquire Kinder Morgan Canada And Cochin Pipeline For $4.35 Bln


Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Pembina Pipeline Corp ::PEMBINA PIPELINE CORPORATION TO ACQUIRE KINDER MORGAN CANADA AND THE COCHIN PIPELINE FOR $4.35 BILLION AND INCREASE DIVIDEND.PEMBINA PIPELINE CORP - TRANSACTION VALUES KINDER MORGAN CANADA AT APPROXIMATELY $2.3 BILLION, OR $15.02 PER SHARE.PEMBINA PIPELINE CORP - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO ADJUSTED CASH FLOW PER SHARE.PEMBINA PIPELINE - OFFERING TO BUY EACH OF OUTSTANDING RESTRICTED VOTING SHARES AND EACH CLASS B UNIT IN EXCHANGE FOR 0.3068 OF A COMMON SHARE OF CO.PEMBINA PIPELINE - CASH PORTION OF COCHIN US DEAL TO BE INITIALLY FUNDED WITH $2.5 BILLION UNSECURED CREDIT FACILITY, NEW $1 BILLION COMMITTED TERM FACILITY.PEMBINA PIPELINE - BOARD APPROVED $0.01 PER COMMON SHARE, OR ABOUT FIVE PERCENT, INCREASE TO ITS MONTHLY COMMON SHARE DIVIDEND RATE..PEMBINA PIPELINE CORP - ASSETS BEING ACQUIRED IN TRANSACTION ARE EXPECTED TO GENERATE ADJUSTED EBITDA OF APPROXIMATELY $350 MILLION IN 2019. 

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49.13
0.33 +0.68%
13 Sep 2019