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.