Brookfield Infrastructure sweetens Inter Pipeline bid: Reuters

Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid, Reuters reported.

Brookfield Infrastructure Partners raised its hostile offer for Inter Pipeline for a second time to about C$8.58 billion ($6.85 billion) as it battles a rival bid, Reuters reported. Pembina Pipeline Corp has made a bid of about C$8.3 billion. Inter Pipeline, a Calgary-based oil and gas transportation company, had recommended that shareholders vote for Pembina’s offer.

Source: Reuters