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Plains All American Pipeline, L.P. Message Board

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  • rjraecek rjraecek Oct 1, 2012 4:43 PM Flag

    Question about 2-1 stock split

    4:35 PM ET

    Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has completed its previously announced two-for-one split of the Partnership's common units.

    The two-for-one split was effected by a distribution of one additional common unit for each common unit outstanding and held by unitholders of record at the close of business on September 17, 2012. The Partnership's common units will trade on a post-split basis on the New York Stock Exchange beginning at the opening of trading on October 2, 2012. Based on the number of units outstanding today, the Partnership will have approximately 331.7 million units outstanding as a result of the two-for-one unit split

    Sentiment: Strong Buy

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