PAA Natural Gas Storage Announces Record Date for Special Unitholder Meeting
November 18 2013 - 7:02PM
Business Wire
PAA Natural Gas Storage, L.P. (NYSE: PNG) announced today that
it has set the close of business on Monday, November 25, 2013 as
the record date for determining common unitholders entitled to
receive notice of, and to vote at, a special meeting to be held on
Tuesday, December 31, 2013 to consider a proposal to approve the
proposed merger (the “Merger”) between PNG and a subsidiary of
Plains All American Pipeline, L.P. (NYSE: PAA), contemplated by the
previously announced merger agreement dated October 21, 2013
between PNG and PAA.
This communication does not constitute an offer to sell any
securities. Any such offer will be made only by means of a
prospectus forming a part of an effective registration statement
filed with the Securities and Exchange Commission.
In connection with the proposed Merger, a registration statement
of PAA, which includes a preliminary proxy statement and a
prospectus of PAA, and other materials have been filed with the
Securities and Exchange Commission. Investors and security holders
are urged to carefully read the documents filed with the Securities
and Exchange Commission regarding the proposed transaction when
they become available, because they contain important information
about PAA, PNG and the proposed Merger. A definitive proxy
statement/prospectus will be sent to unitholders of PNG seeking
their approvals as contemplated by the Merger Agreement. When
available, investors and security holders may obtain a free copy of
the definitive proxy statement/prospectus and other documents
containing information about PAA and PNG, without charge, at the
Securities and Exchange Commission's website at www.sec.gov.
PAA, PNG and certain of their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the unitholders of PNG in connection with the proposed
transaction. Information about the directors and executive officers
of the general partner of PAA is set forth in PAA's Annual Report
on Form 10-K for the year ended December 31, 2012, which was filed
with the Securities and Exchange Commission on February 27, 2013.
Information about the directors and executive officers of the
general partner of PNG is set forth in PNG's Annual Report on Form
10-K for the year ended December 31, 2012, which was filed with the
Securities and Exchange Commission on February 27, 2013. These
documents can be obtained without charge at the Securities and
Exchange Commission's website indicated above. Additional
information regarding the interests of these participants may be
obtained by reading the proxy statement/prospectus regarding the
proposed transaction.
PAA Natural Gas Storage, L.P. is a Delaware limited partnership
engaged in the development, acquisition, operation and commercial
management of natural gas storage facilities. PNG currently owns
and operates three natural gas storage facilities located in
Louisiana, Mississippi and Michigan. PNG is headquartered in
Houston, TX.
Except for historical information contained herein, the
statements contained herein are forward-looking statements that
involve certain risks and uncertainties that could cause actual
results to differ materially from results anticipated in the
forward-looking statements, including the risk that the proposed
transaction is not consummated at all or on the initial terms
proposed. Various risks relating to PAA and PNG are described in
their respective filings with the Securities and Exchange
Commission.
PAA Natural Gas Storage, L.P.Roy I. Lamoreaux, 713-646-4222 –
800-564-3036Director, Investor Relations
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