Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (15174)	10/22/2013 8:56:49 AM
From: Triffin	Respond to of 34328

PAA to buy PNG for stock .. ===== 7:08 am PAA Natural Gas Storage announces agreement to merge with Plains All American Pipeline ( PAA) through a unit-for-unit exchange; PNG's public unitholders will receive 0.445 common units of PAA per PNG common unit, plus cash inlieu of any fractional common units ( PNG) : Plains All American Pipeline ( PAA) announces that it has entered into a definitive agreement and plan of merger with PAA Natural Gas Storage ( PNG) that provides for a merger whereby PNG will become a wholly-owned subsidiary of PAA, through a unit-for-unit exchange. Under the terms of the Merger Agreement, PNG's public unitholders will receive 0.445 common units of PAA per PNG common unit surrendered pursuant to the Merger Agreement, plus cash in lieu of any fractional common units of PAA otherwise issuable in the Merger. The transaction is expected to result in ~14.7 mln additional common units being issued by PAA. In connection with the closing of the Merger, the owners of PAA's general partner have agreed to reduce their incentive distribution rights under PAA's Agreement of Limited Partnership by $12 mln in each of 2014 and 2015, $10 mln in 2016 and $5 mln per year thereafter. ===== Triff ..