Plains All American Pipeline investor cuts stake to 7.06%

By Lisa Kerner

Charlotte, N.C., Dec. 8 - Plains All American Pipeline, LP investors Richard A. Kayne and Kayne Anderson Capital Advisors, LP sold 299,810 shares of the company's common stock between Nov. 4 and Dec. 3 priced from $25.25 to $41.57 each, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Kayne beneficially owns approximately 8.67 million shares, or 7.06%, of the Houston-based oil and petroleum products company.

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