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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (66508)	6/2/2021 8:32:19 AM
From: E_K_S	Respond to of 78594

IPPLF in play w/ bidders PBA and BIP -------------------------------------------------------------------------- Pembina Pipeline Offers to Buy Rival Inter Pipeline for C$8.3B Pembina Pipeline provides transportation and midstream services to North America’s energy industry, while Inter Pipeline transports, processes, and stores energy products in Western Canada. As part of the deal, Inter Pipeline shareholders will receive half a Pembina share for each Inter Pipeline share held. The offer is valued at C$19.45 per share based on the closing price of Pembina shares on May 31. Pembina shareholders are expected to own 72% of the combined company, while Inter Pipeline shareholders will own 28%. Inter Pipeline Continues To Recommend Rejection Of Brookfield's Hostile Bid Brookfield raises offer to buy Inter Pipeline Brookfield Infrastructure Partners on Wednesday raised its offer to buy Inter Pipeline Ltd to C$19.75 per share, or C$8.48 billion ($7.02 billion), from C$16.50 per share. The latest offer comes a day after Pembina Pipeline Corp said it would buy Inter Pipeline in an all-stock deal valued at C$8.3 billion. Brookfield had previously said it could raise the offer to as much as C$18.25 per share.