Pembina and Inter Pipeline Successful in Alberta Securities Commission Hearing
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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.