Brookfield infrastructure encourages inter pipeline to increase transparency and put shareholders first

Brookfield, news, april 28, 2021 (globe newswire) -- on february 10, 2021, brookfield infrastructure partners l.p. (nyse: bip; tsx: bip.un), together with its institutional partners (collectively, “brookfield infrastructure”, “we” or “our”) announced its intention to pursue a privatization transaction in respect of inter pipeline ltd. (tsx: ipl) (“ipl” or the “company”), pursuant to which it would acquire all of the outstanding common shares of the company not already owned by brookfield infrastructure at a price per ipl common share equal to c$16.50 (the “offer”). on february 22, 2021, the offer was formally launched and the offer to purchase and bid circular was mailed to ipl shareholders, filed with the canadian securities regulators and posted on the brookfield infrastructure site for the offer (www.ipl-offer.com).
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