Brookfield offers cash option in Inter Pipeline bid: Reuters

Brookfield Infrastructure Partners has revised its offer for Inter Pipeline to include an all-cash consideration option, instead of a mix of cash and stock, Reuters reported.

Brookfield Infrastructure Partners has revised its offer for Inter Pipeline to include an all-cash consideration option, instead of a mix of cash and stock, Reuters reported. The revision comes as Brookfield tries to beat a rival bid from Pembina Pipeline Corp. Pembina has an all-stock bid of about C$8.3 billion for the Calgary-based oil and gas transportation company, while Brookfield had offered C$8.48 billion with 74 percent cash.

Source: Reuters