Aug 21 (Reuters) - Pembina Pipeline Corp PPL.TO said on Wednesday it would buy Kinder Morgan (NYSE:KMI) Canada KML.TO and the U.S. part of the Cochin Pipeline system for C$4.35 billion ($3.27 billion).
The all-stock deal values Kinder Morgan Canada at about C$15.02 per share, representing a premium of 36.8% to stock's Tuesday close. = 1.3293 Canadian dollars)