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Media & Culture
Pembina to buy Provident Energy for $3.16 billion
By IBT Staff Reporter on 01/16/12 AT 3:27 PM
Pembina Pipeline Corp (PPL.TO: Quote) agreed on Monday to buy Provident Energy Ltd (PVE.TO: Quote) for C$3.24 billion ($3.16 billion) in an all-stock deal that will create one of Canada's biggest pipeline and natural gas processing companies.