Brookfield Infrastructure Partners (BIP) Revises Offer to Purchase Inter Pipeline Ltd. to Include Option for Shareholders to Elect 100% Cash Consideration

Brookfield Infrastructure Revises Offer to Purchase Inter Pipeline Ltd. to Include Option for Shareholders to Elect 100% Cash Consideration

June 18, 2021 7:00 AM EDT

Offer Highlights

Revised Offer from Brookfield Infrastructure will include an ability for Inter Pipeline Ltd. (IPL) shareholders to receive a clean exit and value certainty through 100% cash consideration, compared to zero cash consideration in the proposed transaction (the Alternative Transaction) with Pembina Pipeline Corporation (Pembina).Revised Offer would provide a superior value proposition for IPL shareholders who may elect up to 100% cash... More