M&A - PLAINS ALL AMERICAN PIPELINE LP

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925002210

Filing Summary: On January 7, 2025, Plains All American Pipeline, L.P. announced three bolt-on acquisitions, indicating a strategic expansion effort. Additionally, the company reported the purchase of approximately 18% of its outstanding Series A Preferred Units, which reflects a significant investment in its own equity structure. Furthermore, a 20% increase in its annualized distribution rate was also announced, potentially enhancing returns for its investors. These actions signal a strong commitment to growth and shareholder value enhancement.

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