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Alberta regulator clears Inter Pipeline in defense tactics against Brookfield

Brookfield Infrastructure Boosts Hostile Bid for Inter Pipeline

Brookfield Infrastructure raises hostile offer for Canada's Inter Pipeline

Brookfield gives Inter Pipeline shareholders option to take cash in hostile takeover offer

Brookfield revises hostile offer in battle for Inter Pipeline

Is More North America Pipeline M&A on the Horizon?

If you can't build a pipeline, you can still buy one.

Inter Pipeline inks deals on 60% of output from new Alberta petchem plant

3 Min Read CALGARY, Alberta (Reuters) - Canada’s Inter Pipeline Ltd, which is fighting a hostile takeover bid from Brookfield Infrastructure Partners, on Thursday said it has signed contracts with buyers for 60% of production from its Alberta petrochemical plant. The C$4 billion ($3.20 billion) Heartland Petrochemical Project has emerged as a central asset in Brookfield’s bid to buy the Calgary-based energy infrastructure company. Inter says the Heartland plant will open up new markets and boost earnings, but cost overruns and slow progress in securing buyers for the polypropylene pellets it will produce have weighed on the company’s stock. Chief Executive Christian Bayle said the contract announcement made Inter more valuable.

Demand Concerns Continue To Plague Oil Markets

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Inter Pipeline adopts shareholder rights plan

By Reuters Staff 2 Min Read (Reuters) -Inter Pipeline Ltd said late on Wednesday it has adopted a shareholder rights plan to support a strategic review, weeks after investment firm Brookfield Infrastructure Partners said it would go ahead with its C$7.1 billion takeover of the Canadian company. Earlier this month, Inter Pipeline had asked shareholders to reject Brookfield’s hostile bid, saying the offer “significantly undervalues” the Canadian oil and gas transportation company. Inter Pipeline on Wednesday said the rights plan includes a “technical revision” to treat certain financial derivatives, which have already been utilized by Brookfield, as equivalent to beneficial share ownership.

Inter Pipeline starts review of options after rejecting Brookfield bid

Canada's Inter Pipeline Ltd said on Thursday it has launched a review of options, including a possible 'corporate transaction', just a week after it rejected an unsolicited bid from its largest shareholder Brookfield Infrastructure Partners.