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    IPL   CA45833V1094

INTER PIPELINE LTD.

(IPL)
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Inter Pipeline Looks to Engage with Brookfield After Pembina Arrangement Terminated

07/26/2021 | 08:01am EDT

By Adriano Marchese

Inter Pipeline Ltd. has agreed to pay 350 million Canadian dollars ($278.5 million) to Pembina Pipeline Corp. after their takeover deal fell apart and Inter Pipeline said it will remain open to engaging with Brookfield Infrastructure Partners L.P.

The Canadian energy infrastructure company said Monday that Pembina terminated its arrangement agreement after the Inter Pipeline board would no longer reconfirm its recommendation in favor of a combination.

On July 19, Brookfield revised an offer to purchase Inter Pipeline, proposing to pay C$21.23 for each Inter Pipeline share on a prorated basis, which represents a premium of C$1.53 to the Pembina offer.

"Inter Pipeline's board of directors is open to engaging with Brookfield in an effort to reach a mutually agreeable transaction in the best interests of shareholders," the company said.

Inter Pipeline said that it will be in a position to make a formal recommendation on the revised Brookfield offer in due course.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

07-26-21 0800ET

Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD INFRASTRUCTURE PARTNERS L.P. -1.52% 55.85 Delayed Quote.13.06%
INTER PIPELINE LTD. 0.00% 19.95 Delayed Quote.68.41%
PEMBINA PIPELINE CORPORATION 0.07% 40.37 Delayed Quote.34.02%
All news about INTER PIPELINE LTD.
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08/25Inter Pipeline Announces Executive Changes
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Analyst Recommendations on INTER PIPELINE LTD.
More recommendations
Financials
Sales 2021 2 612 M 2 058 M 2 058 M
Net income 2021 510 M 401 M 401 M
Net Debt 2021 7 394 M 5 826 M 5 826 M
P/E ratio 2021 17,7x
Yield 2021 2,41%
Capitalization 8 563 M 6 748 M 6 747 M
EV / Sales 2021 6,11x
EV / Sales 2022 5,80x
Nbr of Employees 1 656
Free-Float 90,2%
Chart INTER PIPELINE LTD.
Duration : Period :
Inter Pipeline Ltd. Technical Analysis Chart | IPL | CA45833V1094 | MarketScreener
Technical analysis trends INTER PIPELINE LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 19,95 CAD
Average target price 20,20 CAD
Spread / Average Target 1,27%
EPS Revisions
Managers and Directors
Christian P. Bayle President, Chief Executive Officer & Director
Brent Cameron Heagy Chief Financial Officer
Deborah Close Chairman
Richard Sawyer Vice President-EH&S & Technical Services
Bernard Perron Senior VP-Projects & Operations Services
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