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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Sat., Feb. 29, 7:39 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #31. Plains All American Pipeline, L.P. PAA Natural Gas Storage, L.P.

Acquirer: Plains All American Pipeline, L.P. (PAA)
Acquiree: PAA Natural Gas Storage, L.P. (PNG)
Details: Plains All American Pipeline, L.P. (NYSE:PAA) ("PAA") and PAA Natural Gas Storage, L.P. (NYSE:PNG) ("PNG") today jointly announced 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 unitholder, plus cash in lieu of any fractional common units of PAA otherwise issuable in the merger.

Plains All American Pipeline is a holding company. Through its subsidiaries, Co. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL) and natural gas. Co. has three operating segments: Transportation, which provides activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges; Facilities, which provides storage, terminalling and throughput services for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services; and Supply and Logistics, which provides merchant-related activities.

Open the PAA Page at The Online Investor »

Plains All American Pipeline is a holding company. Through its subsidiaries, Co. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL) and natural gas. Co. has three operating segments: Transportation, which provides activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges; Facilities, which provides storage, terminalling and throughput services for crude oil, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services; and Supply and Logistics, which provides merchant-related activities.

Open the PNG Page at The Online Investor »

Company Name: 
Plains All American Pipeline LP
Website: 
www.plainsallamerican.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding PAA: 
6
Total Market Value Held by ETFs: 
$14.01M
Total Market Capitalization: 
$10.24B
% of Market Cap. Held by ETFs: 
0.14%
Company Name: 
PAA Natural Gas Storage L P
Website: 
www.pnglp.com
Sector: 
Oil & Gas Equipment & Services
 

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