OTCPK:ICPVF - Post by User
Comment by
fishowlon Aug 21, 2021 2:42pm
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Post# 33745241
RE:Brookfield acquires 65.6% of IPL on Takeover Bid
RE:Brookfield acquires 65.6% of IPL on Takeover Bid The link press release mentions '
IPL shareholders that have already tendered do not need to take any further action and should expect payment within three business days'. Is this 3 business days as of August 20th? - Brookfield Infrastructure has exceeded the modified statutory minimum condition and is filing a mandatory extension of the Offer to September 3rd to provide remaining Inter Pipeline Ltd. (“IPL”) shareholders time to tender
- Upon the take up and payment of the Tendered Shares, Brookfield Infrastructure will own 68.9% of the outstanding common shares of IPL and, following the mandatory extension period, intends to pursue a privatization of IPL
- IPL shareholders that have already tendered do not need to take any further action and should expect payment within three business days