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Regulator says Brookfield used abusive tactics in hostile bid for Inter Pipeline | iNFOnews

July 12, 2021 - 4:38 PM CALGARY - Alberta s securities regulator has said Brookfield Infrastructure Partners LP used abusive tactics in its attempt to acquire Calgary-based Inter Pipeline Ltd. An Alberta Securities Commission panel has sided with Inter Pipeline, which alleged that Brookfield failed to properly disclose details around a total return swap it says gave Brookfield a 9.9 per cent economic interest in its company. Brookfield already owned a 9.75 per cent stake in the company outright. Canadian securities laws require shareholders with more than a 10 per cent stake in a company to disclose their holdings. This early warning rule is meant to prevent a company from quietly amassing a large block of shares before launching a takeover bid.

Brookfield tactics abusive in Inter Pipeline bid

Winnipeg Free Press By: The Canadian Press Save to Read Later CALGARY - Alberta s securities regulator has said Brookfield Infrastructure Partners LP used abusive tactics in its attempt to acquire Calgary-based Inter Pipeline Ltd. CALGARY - Alberta s securities regulator has said Brookfield Infrastructure Partners LP used abusive tactics in its attempt to acquire Calgary-based Inter Pipeline Ltd. An Alberta Securities Commission panel has sided with Inter Pipeline, which alleged that Brookfield failed to properly disclose details around a total return swap it says gave Brookfield a 9.9 per cent economic interest in its company. Brookfield already owned a 9.75 per cent stake in the company outright.

Net Zero: Alberta securities regulator ends hearings on Inter Pipeline

Net Zero: Alberta securities regulator ends hearings on Inter Pipeline
ipolitics.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipolitics.ca Daily Mail and Mail on Sunday newspapers.

Net Zero: Securities regulator ends Inter Pipeline hearings

Net Zero: Securities regulator ends Inter Pipeline hearings
ipolitics.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipolitics.ca Daily Mail and Mail on Sunday newspapers.

Third time lucky : Acquisitive Pembina finally gets Inter Pipeline, topping Brookfield s hostile bid

Article content CALGARY After previous failed attempts, Pembina Pipeline Corp. has a deal in place to buy rival Inter Pipeline Ltd. that tops a hostile bid from Brookfield Infrastructure Partners. “I’ve been thinking about this for 10 years. This is my third try,” Pembina president and CEO Mick Dilger said on a Tuesday conference call announcing the all-share deal, which values Calgary-based Inter Pipeline’s equity at $8.3 billion. Dilger said he last attempted to buy Inter Pipeline roughly eight years ago but wasn’t successful. This attempt, he said, is “third time lucky.” We apologize, but this video has failed to load.

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