Brookfield formally launches hostile bid to buy Canada's Inter pipeline
By Reuters Staff 2 Min Read Feb 22 (Reuters) - Brookfield Infrastructure Partners said on Monday it formally launched its hostile bid to buy Inter Pipeline Ltd, weeks after the Canadian oil and gas transportation company rejected its unsolicited offer as inadequate. Brookfield, which acquires and manages infrastructure assets, is offering C$16.50 per share for Inter, valuing Inter at C$7.08 billion ($5.62 billion). Earlier this month, Brookfield said it was willing to raise its offer to as much as C$18.25 per Inter share if the company had come to the negotiating table, but Inter turned it do...
Source: reuters.com