On December 21, 2021, a panel of the Alberta Securities Commission (ASC) published its written decision in Re Bison Acquisition Corp., 2021 ABASC 107. The decision followed a July 2021.
Inter Pipeline Reports Second Quarter 2021 Financial and Operating Results yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Alberta Securities Commission Rules In Favor Of Pembina/Inter Pipeline In Brookfield Litigation
OTTAWA (dpa-AFX) - Pembina Pipeline Corp. (PBA,PPL.TO) said that the Alberta Securities Commission or ASC has dismissed Brookfield s application to terminate Pembina s proposed plan of arrangement with Inter Pipeline Ltd. (IPL.TO). The Commission has upheld the break fee that may be paid by IPL to Pembina under that arrangement in certain circumstances.
The ASC also determined that Brookfield s total return swaps in connection with Brookfield s hostile take-over bid to acquire all of the outstanding common shares of IPL requires additional disclosure.
The ASC raised the minimum tender condition for Brookfield s unsolicited bid to 55 percent from 50 percent of the shares tendered by shareholders other than Brookfield and persons acting jointly or in concert with it.
Pembina and Inter Pipeline Successful in Alberta Securities Commission Hearing
News provided by
Share this article
Shareholder Rights Plan
ASC Rules Brookfield s Total Return Swap Requires Full Disclosure and Increases the Minimum Bid Condition for Brookfield Bid to 55 Percent
Pembina and Inter Pipeline Urge Shareholders to Reject the Brookfield Bid and
Vote FOR the Pembina-Inter Pipeline Arrangement
CALGARY, AB, July 12, 2021 /PRNewswire/ - Pembina Pipeline Corporation ( Pembina ) (TSX: PPL) (NYSE: PBA) today announced that the Alberta Securities Commission (the ASC ) has dismissed, in its entirety, Brookfield s application to terminate Pembina s proposed plan of arrangement with Inter Pipeline Ltd. ( IPL or Inter Pipeline ) and has upheld the break fee that may be paid by IPL to Pembina under that arrangement in certain circumstances.