Current PBA Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the Cochin Pipeline system from Kinder Morgan Inc. (stock ticker: KMI) for a total purchase price of CAD $4.35 billion.

The transaction values Kinder Morgan Canada at approximately CAD $2.3 billion, or CAD $15.02 per share, and the Cochin Pipeline at CAD $2.05 billion for cash consideration. As a result of the deal, Pembina’s board of directors has...

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