Pembina Pipeline Says Canada OKs Proposed Acquisition Of Enbridge's Interest In Alliance/Aux Sable

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Pembina Pipeline Says Canada OKs Proposed Acquisition Of Enbridge's Interest In Alliance/Aux Sable

(RTTNews) - Pembina Pipeline Corp. (PPL.TO, PBA) announced Tuesday that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge's interest in the Alliance, Aux Sable, and NRGreen joint ventures.

The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.

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Asian Markets Mixed Amid Cautious Trades

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remained cautious and seemed reluctant to make significant moves ahead of the closely contested US presidential election later in the day and the US Fed's upcoming interest rate decision later this week. Asian markets closed mostly higher on Monday.
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Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is significantly higher in post-holiday trading on Tuesday, reversing the losses in the previous two sessions, with the Nikkei 225 moving above the 38,500 level, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by exporters and technology stocks.
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