Tuesday, August 27, 2013

For Investors Only

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here. 

Natural Gas Storage receives buyout proposal from Plains All American Pipeline (PAA); proposed consideration represents a value per PNG common unit of $22.74 : Co announced that the independent directors of the board of directors of PNG's general partner received a proposal from Plains All American Pipeline, L.P. (NYSE: PAA), whereby PAA would acquire all of PNG's outstanding publicly held common units through a unit-for-unit exchange. PAA is proposing consideration of 0.435 common units of PAA for each issued and outstanding publicly held PNG common unit in a transaction that would be structured as a merger of PNG with a wholly owned subsidiary of PAA. The proposed consideration represents a value per PNG common unit of $22.74 based on the trailing 10-day average closing price of PAA's common units through August 26, 2013.

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I see oil futures have NYMEX oil just below $110, at $109.70. 

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