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Thursday, September 4, 2014

BRIEF-Pembina Pipeline to acquire Vantage Pipeline System, stake in Saskatchewan ethane plant, (NYSE: PBA), (TSE: PPL.TO)

Pembina Pipeline Corp : * Has entered into agreements to acquire Vantage Pipeline System and Mistral Midstream Inc.'s interest in saskatchewan ethane extraction plant for total consideration of us$650 million* Deal subject to traditional closing adjustments from certain entities affiliated with Riverstone Holdings LLC* Anticipates incurring additional capital expenditures of approximately c$100 million (net to Pembina) prior to end of 2015 in connection with transaction* Is also acquiring pipeline infrastructure from Mistral and Mistral's interest in SEEP

Pembina Pipeline Corporation (Pembina) is a Calgary-based company, engaged in providing transportation and midstream services. Shares of PBA traded higher by 2.95% or $1.39/share to $48.49. In the past year, the shares have traded as low as $30.44 and as high as $48.71. On average, 165962 shares of PBA exchange hands on a given day and today's volume is recorded at 549578.

Pembina Pipeline Corporation (Pembina) is a Calgary-based company, engaged in providing transportation and midstream services. Shares of PPL traded higher by 2.55% or $1.31/share to $52.77. In the past year, the shares have traded as low as $31.88 and as high as $49.97. On average, 670398 shares of PPL.TO exchange hands on a given day and today's volume is recorded at 1103060.



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