Inter Pipeline Fd Limited Partnership Unit CL A IPPLF

RE:I was wrong - but just a little

[Oldfart74]

Oldfart74 wrote: I had previously posted that it was possible that there would no proration of shares due to most shareholders electing the cash option. Instead there appears to be minor proration.- 10%.
Reinforces my feelings that in takeover situations CASH IS KING.

In  actual fact, my original prediction was right - shares not subject to proration as per August 27 press release. Here is an extract:
"Based on the elections made by Inter Pipeline shareholders who tendered to the Offer after the August 20, 2021 expiry and before 7 p.m. (Mountain Time) on August 25, 2021, Inter Pipeline shareholders will receive cash in respect of an aggregate of 16.8 million Inter Pipeline common shares and will receive Class “A” exchangeable subordinate voting shares of Brookfield Infrastructure Partners Corporation (“BIPC Shares”) or Exchange LP Units (as defined in the Offer) in respect of an aggregate of 1.6 million common shares of Inter Pipeline. As shareholders elected to receive less BIPC Shares or Exchange LP Units than were available at the August 25 take up date, shareholders that elected to receive BIPC Shares or Exchange LP Units will receive their full election. Accordingly, a total of 0.36 million BIPC Shares and 0.03 million Exchange LP Units will be issued."