Brookfield Infrastructure Partners has formally launched a hostile bid to buy Inter Pipeline with the same C$16.50-per-share offer that the Calgary-based oil and gas transportation company rejected as inadequate weeks ago, reported Reuters. The current offer from Brookfield values the business at C$7.08 billion ($5.62 billion). Inter Pipeline said that its special committee is reviewing the proposal and will make a recommendation within 15 days.
Source: Reuters
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