Why did Keyera Corp.'s shares plunge on Tuesday?

Keyera Corp. shares plunged as much as 7.6% on Tuesday after Canada’s Competition Bureau announced it will challenge Keyera’s planned acquisition of Plains All American Pipeline LP’s Canadian natural gas liquids business, citing concerns that the deal 'is likely to harm competition in natural gas liquids processing and storage, particularly at Fort Saskatchewan, Alberta, Canada’s primary hub for these services.'

What is Keyera’s official response to the Competition Bureau’s challenge?

Keyera pushed back against the regulator’s statement, asserting that the 'transaction will strengthen competition across the basin and provide customers with improved access to key markets and greater flexibility in how their products are handled, transported and sold,' according to a company statement.

Keyera Shares Plunge as Regulator Challenges Plains Gas Deal

May 5, 2026

Keyera Corp. shares dropped 7.6% after Canada’s Competition Bureau challenged its acquisition of Plains All American Pipeline’s Canadian natural gas liquids business. Regulators claim the deal harms competition in Alberta, potentially forcing divestiture despite Keyera's defense.

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