Inter Pipeline walks away from friendly Pembina merger, will pay $350-million break fee [Globe and Mail, The (Toronto, Canada)]
Brookfield Infrastructure Corporation (BIPC)
Company Research
Source: Globe and Mail, The
To walk away, Inter Pipeline will pay Pembina a $350-million termination fee, also known as a break fee. The payment was negotiated when Pembina emerged as a white knight in late May to help block Brookfield's hostile takeover bid. Brookfield has since raised its takeover price twice and also given Inter Pipeline shareholders the option to take their payout in cash if they favour Brookfield's bid. Pembina's friendly deal was to be paid solely in Pembina shares, and Pembina would not budge on the offer price it had agreed to in May. Brookfield's latest offer comes in two forms: Inter Pipeline shareholders can elect for $20 a share in cash, up from its previous bid of $19.50 a share, or they can take some shares of Brookfield Infrastructure Corp. at an elevated price instead of cash. BIPC was created in 2020 to broaden the company's investor base and shareholders who are limited in the types of securities they can own; its shares are effectively the same as the Brookfield Infrast
Show less
Read more
Impact Snapshot
Event Time:
BIPC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BIPC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BIPC alerts
High impacting Brookfield Infrastructure Corporation news events
Weekly update
A roundup of the hottest topics
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
- 5/1/24 - Form 6-K
- 4/16/24 - Form F-3
- 4/15/24 - Form 6-K
- BIPC's page on the SEC website