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Mending of fences : Oilpatch, Ottawa find common ground over emissions, but election rhetoric could break truce
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Legault government abandons LNG gas terminal project in Saguenay
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Inter Pipeline evaluates Brookfield s US$6 7B bid
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Inter Pipeline is evaluating revised Brookfield acquisition bid
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“Pembina believes that its strategic combination with Inter Pipeline is extremely compelling from an immediate and long-term value perspective and believes shareholders should vote in favour of the transaction,” the company said.
Pembina is standing its ground after Brookfield Infrastructure said it’s increasing the cash component of its offer on July 15 by 2.6% to C$20 ($15.86) for each share of Inter Pipeline, or 0.25 of a Brookfield Infrastructure share, in another push to break up Pembina’s friendly, all-stock takeover. That increased Brookfield Infrastructure’s hostile offer to C$8.6 billion.
In a statement on Friday, Inter Pipeline said it stands by comments it issued the prior day, when the company said no formal revised offer had been made by Brookfield and shareholders needn’t take action yet.