Pembina refuses to increase deal with Inter Pipeline amid hostile takeover bid

摘要

Pembina Pipeline will not hike its $6.9 billion deal to acquire Canadian rival Inter Pipeline, but will instead let Inter shareholders decide by the June 22 offer deadline whether to accept Brookfield Infrastructure Partners’ slightly larger hostile takeover bid, Pembina said June 7.The fight to consolidate Canadian oil and gas midstream assets is now up to Inter shareholders to choose whether they prefer the quicker cash or the longer-term investment and dividends with Pembina.