Inter Pipeline evaluating revised Brookfield acquisition bid

Photo by Jason Franson/Bloomberg filesInter Pipeline Ltd. is evaluating a formal revised $8.6 billion offer from Brookfield Infrastructure Partners LP to buy Canada’s fourth-largest midstream company after rival suitor Pembina Pipeline Corp. said it wouldn’t raise its own bid for the company.Article content

Brookfield agreed last Thursday to lift the cash portion of its offer by 2.6 per cent to $20 for each Inter Pipeline share in a push to break up a friendly, all-share takeover by Pembina. On Friday, Pembina declined to increase or change its offer of 0.5 of its common shares for all the common shares of Inter Pipeline. Brookfield’s formal revised offer was filed Monday, Breanne Oliver, a spokeswoman for Inter Pipeline, said in an email.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Georgian estate with pool nets $4.02-million as market wanesThe listing drew in nearly three dozen visitors, but no one reappeared the evening of the offer date. The winning bid came in the next day
La source: globeandmail - 🏆 5. / 92 Lire la suite »