NYSE: PBA) ( Pembina ) under which Pembina has agreed to acquire all of the outstanding common equity of KML (including the 70 percent majority voting interest held by Kinder Morgan Inc. (NYSE:  KMI)), subject to the terms of the arrangement agreement between KML and Pembina.  On closing, KML shareholders will receive .3068 shares of Pembina for each KML share. Based on yesterday’s closing price for Pembina , the total consideration to be received by KML common shareholders is valued at $15.12 per KML share, which represents a 38 percent premium to yesterday’s KML closing price.

source https://finance.yahoo.com/news/pembina-pipeline-corporation-acquire-kml-103000016.html?.tsrc=rss