Pembina Pipeline Corp T.PPL

Alternate Symbol(s): PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | PPLAF | T.PPL.PR.E | PMBPF | T.PPL.PR.G | T.PPL.PR.I | T.PPL.PR.O | PPLOF | T.PPL.PR.Q | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Energy Oil & Gas Equipment & Services

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.

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Pembina Pipeline Corp > Brookfield actually lowered their offer

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Comment by BlueJay2020on Jul 15, 2021 12:01pm

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Post# 33552072

RE:Brookfield actually lowered their offer

But the break-up fee has not been eliminated, so why should they stump up the full $0.90?

hawk35 wrote:
Previously they offered $19.50 in cash and suggested they would add .90 if the breakup fee was eliminated which means most IPL shareholders were expecting $20.40 for the cash offer.

Today the new and improved cash offer is $20.00. It is lower than what was expected.

This confirms to me that Brookfield is not serious in trying to win. They are trying to force PPL to sweaten their offer so they can profit from it.

I'm not expecting PPl to increase their bid prior to the special meeteing at the end of July. If they fall short thre is a possibility they could increase it to push them over the top, but I think walking away with 350 million and focusing on their other projects could also happen. I would be ok with PPL walking away with 350 million.

We will see in about two weeks.