Has Clear Path to Acquire Inter Pipeline Ltd. - On July 26th the Inter Pipeline Ltd. (“IPL”) Board of Directors announced that the alternative transaction with Pembina Pipeline Corporation (“Pembina”) has been terminated after receiving Brookfield Infrastructure’s enhanced Offer
- Brookfield Infrastructure’s Offer is now the sole option available for IPL shareholders after the company’s comprehensive 4-month strategic review
- Brookfield Infrastructure’s enhanced Offer represents a 51% premium to IPL’s unaffected share price1 and has received all key regulatory and financing approvals with the ability to close within 3 business days of the Offer expiry (subject to the modified statutory minimum condition)
- Shareholders may elect up to 100% cash consideration, totalling C$20.00 per share of IPL without being subject to proration or 0.250 of a class A exchangeable subordinated voting share of Brookfield Infrastructure Corporation (a “BIPC Share”), subject to proration
- Take Action – Tender to Brookfield Infrastructure’s Offer prior to the August 6, 2021, deadline
- Questions or Need Assistance? Contact Laurel Hill Advisory Group at 1-877-452-7184 or email assistance@laurelhill.com
BROOKFIELD, NEWS, July 26, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, “Brookfield Infrastructure”) reiterates its offer to acquire all of the outstanding common shares of Inter Pipeline Ltd. (TSX: IPL) as outlined in the Fourth Notice of Variation and Change dated July 19, 2021 (the "Offer").
https://www.globenewswire.com/news-release/2021/07/26/2269020/0/en/Brookfield-Infrastructure-has-Clear-Path-to-Acquire-Inter-Pipeline-Ltd-Tender-Deadline-of-5pm-Mountain-Time-on-August-6th.html