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3 Min Read CALGARY, Alberta (Reuters) - Inter Pipeline Ltd (IPL) on Tuesday asked shareholders to reject Brookfield Infrastructure Partners’ hostile bid, saying the offer “significantly undervalues” the Canadian oil and gas transportation company. Brookfield last month launched a hostile C$7.1 billion ($5.6 billion) bid with the same C$16.50-per-share offer that IPL had previously rejected as inadequate. Calgary-based IPL is undertaking a strategic review, which could include a corporate transaction and said it expects a superior offer or other alternatives to emerge. It also is looking for a partner for its C$4 billion Heartland Petrochemical Complex in Alberta, due to start operating early next year. ....