Plains All American (PAA) has gone hostile in its attempt to acquire fellow oil pipeline owner...

|About: Plains All American Pipelin... (PAA)|By:, SA News Editor

Plains All American (PAA) has gone hostile in its attempt to acquire fellow oil pipeline owner SemGroup (SEMG), offering to acquire all outstanding shares for $24/share in cash. Given the offer represents only a slight premium to SemGroup's Friday close, it might only be meant as a starting point for negotiations.