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The offer is valued at $19.45 per Inter Pipeline share based on the closing price of Pembina shares on Monday. Inter Pipeline shares closed at $17.55 but increased $1.53 or 8.7 per cent at $19.08 in afternoon trading on the Toronto Stock Exchange The deal tops the offer made by Brookfield that was valued at $16.50 per share. In March, CEO Chris Bayle said the Brookfield bid undervalued their business. "After a comprehensive review of strategic alternatives by the special committee of the board of directors of Inter Pipeline, it was evident that a combination with Pembina offered compelling va...

Pembina Pipeline is to acquire Inter Pipeline, cutting off a hostile bid from Brookfield.

Share this article Share this article All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"), and adjusted cash flow from operating activities ("adjusted cash flow"), which are financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"). For more information about these metrics, see "Non-GAAP Measures" herein. CALGARY, AB, June 1, 2021 /PRNewswire/ - Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) ("Pembina"...

Members of the Polish Falcons Third Street Nest 610 are disappointed that there will be no Dyngus Day celebration on Monday. It’s a fun event held every Monday after Easter when, according to legend, Polish maidens would chase after their intended beaus and throw water on them and swat them with pussy willows. Seriously, and it’s a huge deal in cities such as Buffalo and Cleveland. But Falcons officials in Erie had to cancel for the second year. I guess the one bright side is that many of the organizers pledge to restart their events next year. We can only hope that the pandemic will be s...