Bullboard - Stock Discussion Forum Pembina Pipeline Corp T.PPL

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

Energy Oil & Gas Midstream

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... see more

Add To Watchlist

TSX:PPL - Post Discussion

Pembina Pipeline Corp > BIG News

View:

Post by ace1mccoy on Jun 01, 2021 8:29am

BIG News

UPDATE 1-Canada's Pembina Pipeline to buy rival Inter Pipeline in C$8.3 bln deal

2021-06-01 08:19:24 AM ET (Reuters)

(Adds background, details on deal)
June 1 (Reuters) - Canada's Pembina Pipeline Corp said on Tuesday it would buy rival Inter Pipeline Ltd in an all-stock deal, valuing it at about C$8.3 billion to create one of Canada's top energy infrastructure companies.
The deal comes nearly four months after Inter Pipeline launched a strategic review as it fended off a C$7.1 billion hostile takeover from investment firm Brookfield Infrastructure Partners.
Pembina's offer of C$19.45 per share represents a 10.8% premium to Inter Pipeline's Monday close.
The companies said they expect near-term cost savings due to the deal of C$150 to C$200 million annually. (Reporting by Arathy S Nair in Bengaluru; Editing by Vinay Dwivedi)

636