Inter Pipeline rejects Brookfield's offer as too low, shares jump
Article content Inter said that was not sufficient for it to enter into exclusive talks with the infrastructure firm. The pipeline operator said Brookfield has not made a formal offer and if it does, the company’s board will review it with advisors. Brookfield declined further comment. Brookfield’s offer is low, but serious enough that Inter Pipeline should negotiate, said Rob Thummel, managing director of TortoiseEcofin, Inter Pipeline’s eighth-largest shareholder according to Refinitiv. Article content “I think they should absolutely look at it and consider it,” he said. A rival b...
Source: edmontonjournal.com