• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Brookfield launches hostile bid to buy Canada’s Inter Pipeline

February 23, 20217:45 AM Reuters0 Comments

Brookfield Infrastructure Partners on Monday formally launched a hostile bid to buy Inter Pipeline Ltd with the same C$16.50-per-share offer that the Canadian oil and gas transportation company had rejected as inadequate weeks ago.

Earlier this month, Brookfield said it was willing to raise its offer to as much as C$18.25 per Inter share if the company comes to the negotiating table, but Inter turned it down and later launched a strategic review of options.

The current offer from Brookfield, which acquires and manages infrastructure assets, values Inter at C$7.08 billion ($5.62 billion).

The investment firm earlier this month also said it had acquired a 19.65% economic interest in Inter Pipeline, to become the top shareholder in the Calgary-based company.

Brookfield said on Monday that other shareholders now have until June 7 to accept its offer at the original C$16.50 per share with an option to take that amount in cash or Brookfield’s shares.

Inter Pipeline said separately that its special committee is reviewing the offer and will make a recommendation within 15 days.

“It is the Board’s duty to not only review this offer, but to pursue all available opportunities to unlock maximum value for our shareholders,” the company said in a statement, urging shareholders to not take any action on the hostile offer.

Inter, whose assets include more than 7,000 km (4,300 miles) of oil pipelines, 5 million barrels of oil storage in western Canada and natural gas liquids processing plants, said on Thursday its formal review could include a possible “corporate transaction” but no decisions have been made yet.

Brookfield Infrastructure has engaged BMO Capital Markets and Barclays Capital Canada Inc to act as joint financial advisers. 29dk2902l

Inter Pipeline

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • 2025 SECURE Stampede Charity Party Raises Record-Breaking $1,024,500 For Four Vital Charities
  • July 2025 Energy Market Overview: Volatility & Resilience
  • Stocks fall, gold rises after Trump sets tariff sights on Canada
  • Canada back in tariff crosshairs
  • Oil climbs on potential Russia sanctions; OPEC+ output, tariffs weigh

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.