Inter Pipeline backs Brookfield's hostile-takeover bid after abandoning rival offer [Globe and Mail, The (Toronto, Canada)]
Brookfield Infrastructure Corporation (BIPC)
Company Research
Source: Globe and Mail, The
for a second time in mid-July, giving Inter Pipeline shareholders the option to take their payout in all cash. Brookfield's Infrastructure's corporate shares are down 14 per cent since. Because Brookfield's shareholders have signalled some discomfort, some analysts have wondered if certain Inter Pipeline assets could be sold to Pembina to make the deal a more manageable size. In a note to clients on Monday, RBC Dominion Securities analyst Robert Kwan said he is monitoring whether “a transaction involving a split of the assets with Pembina might come together, whether that be as part of a revised Brookfield Infrastructure offer or following the close of a sale of Inter Pipeline to Brookfield.” When Brookfield updated its offer in mid-July, the company disclosed it had previously sent a letter to Pembina's chief executive officer indicating a willingness to acquire some “lower risk, lower return assets.” Meanwhile, in its merger circular, Pembina disclosed it originally approached
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BIPC
News
- This is a time to go after base hits rather than swinging for home runs: portfolio manager [BNN Bloomberg (Canada)]BNN Bloomberg
- Brookfield Infrastructure Completes Annual Filings [Financial Post (Toronto, Ontario, Canada)]Financial Post
- The 'Wide-Moat' Infrastructure Pick: Invest Like Warren Buffett With Brookfield Infrastructure [Seeking Alpha]Seeking Alpha
- Brookfield Infrastructure Corporation (NYSE:BIPC) is largely controlled by institutional shareholders who own 74% of the company [Yahoo! Finance]Yahoo! Finance
BIPC
Sec Filings
- 4/16/24 - Form F-3
- 4/15/24 - Form 6-K
- 3/28/24 - Form 6-K
- BIPC's page on the SEC website