1137 ET - Efforts by Canada's main antitrust authority to thwart Keyera's deal for the Canadian assets belonging to Plains All American Pipeline introduces a tangible risk that the transaction does not close, say analysts at CIBC Capital Markets. Nevertheless, the analysts "believe the transaction is more likely than not to close," although they expect Keyera and Plains to make changes to address the Competition Bureau's concerns. They say the bureau's case is focused on reduced competition in the processing of natural-gas liquids at a hub in Fort Saskatchewan, Alberta. CIBC reckons the bureau's case increases the likelihood that a divestiture of some related assets will be the likely outcome so the deal can proceed. Keyera shares 1.2% higher after a decline of over 7% Tuesday after the bureau's challenge. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

May 06, 2026 11:37 ET (15:37 GMT)

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