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Plains All American, PAA Natural Gas Finalize PNG Deal

Plains All American Pipeline, L.P. PAA Natural Gas Storage, L.P.
AnnouncedOct 22, 2013
TypeCorporate
Announced Date
October 22,2013
Close Date
December 31,2013
Transaction Type
Corporate




Snapshot
Location
Country
United States

State
Texas


Transaction Details:  Require Private Equity Subscription

Closing Announcement - December 31, 2013

Plains All American Pipeline, L.P. and PAA Natural Gas Storage, L.P. have jointly reported the completion of the merger of PNG with a wholly-owned subsidiary of PAA, with PNG surviving the merger as a wholly-owned subsidiary of PAA, effective today, December 31, 2013.

PNG’s common unitholders approved the merger in a special meeting held today in Houston, Texas. Under the terms of the merger agreement, each PNG unitholder eligible to receive the merger consideration will receive 0.445 common units of PAA for each PNG common unit owned by such…

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