Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.


OTCPK:ICPVF - Post by User

Post by kijijion Jun 01, 2021 10:05am
144 Views
Post# 33302496

IPL recommends rejection of Brookfield hostile offer

IPL recommends rejection of Brookfield hostile offer
CALGARY, AB, June 1, 2021 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline" or the "Company") (TSX: IPL) today reiterated its recommendation that shareholders reject a hostile takeover bid at a value of $16.50 per share (the "Hostile Bid") from an affiliate of Brookfield Infrastructure Partners L.P. ("Brookfield").
 
Inter Pipeline's board of directors (the "Board") has unanimously determined that the Hostile Bid is not in the best interests of the Company or its shareholders. As disclosed separately today, the Board is recommending that shareholders support a strategic combination with Pembina Pipeline Corporation ("Pembina"). Inter Pipeline shareholders will receive 0.5 of a share of Pembina for each share of Inter Pipeline that they own. The consideration is valued at $19.45 per share of Inter Pipeline based on the closing price of Pembina common shares on May 31, 2021 (the "Pembina Transaction").
 
To reject the Hostile Bid, simply take NO ACTION. Shareholders who have tendered Inter Pipeline Common Shares in error and wish to withdraw can seek assistance from their broker or Kingsdale Advisors at 1-877-659-1820 (416-867-2272 for collect calls outside North America) or by e-mail at contactus@kingsdaleadvisors.com.
 
The unanimous recommendation to support the Pembina Transaction and reject the Hostile Bid follows an open, fair and thorough strategic review process that was led by a Special Committee of independent directors, together with its financial and legal advisors. The Board is confident that the Pembina Transaction maximizes value for shareholders.
 
About Inter Pipeline Ltd.
 
Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada and is building the Heartland Petrochemical Complex — North America's first integrated propane dehydrogenation and polypropylene facility. Inter Pipeline is a member of the S&P/TSX 60 Index and its common shares trade on the Toronto Stock Exchange under the symbol IPL. www.interpipeline.com
<< Previous
Bullboard Posts
Next >>