Brookfield Infrastructure Intends to File a Revised Offer to Purchase Inter Pipeline Ltd for apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Pembina and Inter Pipeline Successful in Alberta Securities Commission Hearing
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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.
Overview of the half Year In the Annual Report for the year to 30 September 2020 we reported that the NAV total return was virtually flat but marginally better than the MSCI AC World ex-USA Total Return Index in sterling (the Comparator Benchmark ), which recorded a loss. I am pleased to report that in the six months under review, AGT s NAV increased by 26.8%. This result made AGT one of the top performers in its peer group of global investment trusts. Some of the strongest contributions over the period came from companies - such as Aker, Jardine Strategic and EXOR - that had been hardest hit by the COVID-19 pandemic, and subsequently rallied in November 2020, following the announcement of the Pfizer/BioNTech vaccine trial results. The manager increased exposure to these companies, and initiated positions in others, during 2020 when their valuations appeared particularly compelling. These companies, and other contributors to performance, are discussed