Page 3 - கல்கரி அடிப்படையிலானது இடை குழாய் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Pembina backs away from Inter Pipeline takeover, clearing way for Brookfield
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Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid
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Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid
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Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid
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Toronto-based Brookfield Infrastructure is Inter Pipeline s largest shareholder with a 9.75 per cent stake. It launched its bid for Inter Pipeline in February.
Inter Pipeline has resisted the bid, instead signing a friendly all-stock deal to be bought by Pembina Pipeline Corp. That deal would see shareholders receive half a Pembina share for each Inter Pipeline share they hold.
ISS says the all-stock deal proposed by Pembina presents opportunity for shareholders, but Brookfield s all-cash option comes with greater financing certainty and less regulatory risk.
Brookfield has extended its offer for Inter Pipeline to Aug. 6. Shareholders will vote on the proposed Pembina transaction on Thursday, July 29.