Brookfield Infrast Partners Lp Stock Price, News & Analysis

Brookfield Infrastructure has acquired an additional 18,369,800 common shares of Inter Pipeline, increasing its ownership stake from 68.7% to 73.0%. This transaction aligns with Brookfield's ongoing takeover bid, which is set to expire on September 3, 2021. Shareholders who tender their shares can receive cash or Brookfield's exchangeable shares. With a controlling interest, Brookfield aims to pursue a privatization transaction for remaining shares, which could result in the delisting of Inter Pipeline from the Toronto Stock Exchange.

Brookfield Infrastructure has successfully acquired 68.7% of Inter Pipeline's common shares, purchasing 253,166,495 shares as of August 20, 2021. The offer, initiated on February 22, 2021, was extended until September 3, 2021. Shareholders chose to receive cash for 163.8 million shares, while 89.4 million shares opted for Brookfield's exchangeable units. A reconstituted board now includes four Brookfield nominees. Additionally, the monthly dividend has been suspended to reinvest cash flow for infrastructure development and reduce debt.

Brookfield Infrastructure has announced an extension of its offer to acquire Inter Pipeline Ltd. (IPL) shares until September 3, 2021. The offer is in response to 253,933,715 IPL shares, or 65.6% of those not owned by Brookfield, being tendered. Following this acquisition, Brookfield will hold 68.9% of IPL's common shares and plans to pursue privatization. Current IPL shareholders who have tendered do not need to take further action and will receive payment within three business days.

Brookfield Infrastructure Partners L.P. (NYSE: BIP) reminds Inter Pipeline Ltd. (TSX: IPL) shareholders to tender their shares by the August 20, 2021 deadline. The Offer includes a significant 50% premium to IPL’s unaffected share price, allowing shareholders to select cash or equity as compensation. Those who tendered will remain eligible for IPL’s upcoming cash dividend. Brookfield expects to take-up shares swiftly after the Offer's expiry and plans to discuss further acquisition transactions with IPL's board.

Brookfield Infrastructure Partners (NYSE: BIP) reminds Inter Pipeline Ltd. (TSX: IPL) shareholders to tender to its offer by August 20, 2021. Tendering allows shareholders to receive a cash dividend of $0.04 per IPL share. The offer includes a 50% premium to IPL's unaffected share price, with flexibility in choosing cash or stock consideration. Brookfield has secured necessary regulatory approvals and plans to expedite payments within three business days post-offer expiry. Additional transactions may follow for remaining non-tendered shares to enhance shareholder value.

Brookfield Infrastructure Partners (NYSE: BIP) encourages Inter Pipeline Ltd. (TSX: IPL) shareholders to tender to their offer before the August 20 deadline. Shareholders who tender will receive a 50% premium over IPL's unaffected share price and maintain eligibility for IPL’s August cash dividend. Initial tender results indicate a 52% tender rate, with Brookfield anticipating meeting the minimum conditions for the offer. The cash consideration amounts to C$20.00 per share. Post-offer, Brookfield plans to acquire remaining shares not tendered in a subsequent transaction.

Brookfield Infrastructure Partners (NYSE: BIP) has extended its Offer to acquire outstanding shares of Inter Pipeline Ltd. (TSX: IPL) until August 20, 2021, following strong initial support with approximately 52% of IPL shares tendered. The Offer provides IPL shareholders with a 49% premium to the unaffected share price, allowing them to elect for cash or shares. Brookfield emphasizes immediate liquidity and tax-deferred options available to shareholders. The firm has received key regulatory approvals and is prepared to finalize the acquisition quickly post-offer expiry.

Brookfield Infrastructure (NYSE: BIP) reported a strong second quarter for 2021, achieving net income of $352 million ($0.61 per unit), a significant turnaround from a loss of $61 million the previous year. Funds from Operations (FFO) reached $394 million, up 18% year-over-year, supported by robust organic growth of 9%. The company also completed $1 billion in divestments and made progress on its bid to acquire Inter Pipeline Ltd. (IPL). A dividend of $0.51 per unit was declared, signaling a 5% increase from last year, as Brookfield continues to capitalize on favorable market conditions.

Brookfield Infrastructure Partners reminds Inter Pipeline Ltd. (IPL) shareholders to tender their shares by August 6 to receive a 50% premium on their unaffected share price. The IPL Board has recommended acceptance of Brookfield's offer, which includes a cash consideration of C$20.00 per share or an option for shares in Brookfield Infrastructure Corporation. With all regulatory approvals secured, Brookfield expects to close the transaction within three business days of the offer expiry. Shareholders are encouraged to act promptly to benefit from this significant offer.