Merger OK'd.Merger OK'd: U.S. and Canadian utility commissioners gave the go-ahead last week for Houston-based Plains All American Pipeline L.P. to acquire Long Beach-based Pacific Energy Partners L.P. The deal, first announced in June, is for $2.4 billion and remains subject to shareholders approval by both companies. It is expected to be complete by the end of the year, with Pacific Energy trading under Plains' symbol of PAA PAA - Pakistan Advertising Association PAA - Pakistan-American Association PAA - Pan American Airlines (ICAO code) PAA - Pay Adjustment Authorization PAA - Peer Access Approval PAA - Penetrability Analysis Application PAA - Pennsylvania Aquaculture Association PAA - Peripheral Attack Aircraft PAA - Peroxyacetic Acid PAA - Personal Auto-Attendant PAA - Personnel Allowance Amendment PAA - Petroleum Aquisition Adjustment PAA - Phased-Array Antenna. Plains All American primarily handles crude oil transportation and storage, as well as the marketing and storage of liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. The boiling point of liquefied petroleum gas varies from about −44°C; to 0°C; (−47°F; to 32°F;), so that the pressure required to liquefy it is considerable and the containers for it must be of heavy steel. in the U.S. and Canada. Pacific Energy transports, stores and distributes crude and refined oil, primarily on the West Coast. |
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