Welcome to our dedicated page for Brookfield Infrast Partners Lp news (Ticker: BIP), a resource for investors and traders seeking the latest updates and insights on Brookfield Infrast Partners Lp stock.
Brookfield Infrastructure Partners L.P. (BIP) generates frequent news and disclosures as it manages a diversified portfolio of global infrastructure assets. Company updates often highlight developments across its utilities, transport, midstream and data segments, reflecting the breadth of its operations in the Americas, Asia Pacific and Europe.
News coverage for BIP commonly includes quarterly and annual financial results, where the partnership reports segment performance, funds from operations and commentary on operating conditions. These releases also describe capital recycling activities, such as asset sales and acquisitions, and provide context on how proceeds are redeployed into new investments.
Brookfield Infrastructure’s announcements frequently cover major transactions, including agreements to acquire or sell interests in pipelines, gas storage platforms, data centers, tower portfolios, ports, rail networks and other infrastructure businesses. Recent communications have described acquisitions like Colonial Enterprises, investments in bulk fiber networks, and a large railcar leasing platform in partnership with GATX Corporation, as well as the subsequent closing of the Wells Fargo rail assets transaction.
Investors following BIP news can also expect updates on financing initiatives, such as note issuances, equity distribution agreements, normal course issuer bids for limited partnership units and preferred units, and potential at-the-market equity programs through Brookfield Infrastructure Corporation. Regular notices of conference calls and webcasts accompany earnings releases, giving additional detail on strategy and performance.
This news page brings together these company announcements, transaction updates and financial disclosures for Brookfield Infrastructure Partners (BIP), offering a centralized view of the partnership’s ongoing activities in global infrastructure markets.
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.
On July 27, 2021, Inter Pipeline Ltd. (IPL) Board recommended shareholders accept Brookfield Infrastructure's Offer, which represents a 50% premium to IPL’s unaffected share price. The Offer has received all necessary regulatory approvals and can close within three business days after expiration. Shareholders can choose up to 100% cash consideration of C$20.00 per share or opt for Brookfield’s exchangeable subordinated voting shares. The deadline for tendering shares is August 6, 2021, and stakeholders are advised to act promptly to benefit from this significant offer.
Brookfield Infrastructure Partners L.P. (BIP) has announced its acquisition offer for Inter Pipeline Ltd. (IPL), which includes options for IPL shareholders to receive C$20.00 in cash or 0.250 BIPC Shares. BIP, through its ownership of class B voting shares in Brookfield Infrastructure Corporation (BIPC), has given consent to the Toronto Stock Exchange, meeting the requirement for BIPC security holder approval. The Offer is open until August 6, 2021, with the potential issuance of up to 36 million BIPC Shares. The transaction is not expected to materially affect control of BIPC.
On July 26, 2021, Inter Pipeline Ltd. (IPL) terminated its alternative transaction with Pembina Pipeline Corporation, leaving Brookfield Infrastructure's enhanced Offer as the sole option for IPL shareholders. This offer, representing a 51% premium over IPL's unaffected share price, is expected to close within three business days of the offer expiry, pending conditions. Shareholders can choose C$20.00 per share in cash or opt for a combination of cash and Brookfield Infrastructure Corporation (BIPC) shares. The offer is open until August 6, 2021.
Brookfield Infrastructure endorses ISS's recommendation for IPL shareholders to vote against Pembina's Alternative Transaction. The offer from Brookfield at $21.23 per IPL share provides an 8% premium over Pembina's bid and includes provisions for 100% cash or a mix with shares. This approach aims to mitigate execution risks and ensure financing certainty. Brookfield encourages IPL shareholders to act before the July 27 proxy deadline, emphasizing the flexibility and certainty of their offer, which includes an option for tax-deferred consideration.
BROOKFIELD, NEWS, July 16, 2021 – Brookfield Infrastructure (NYSE: BIP) has successfully finalized the sale of its North American district energy business, Enwave, through two transactions totaling $4.1 billion. Ontario Teachers’ Pension Plan and IFM Investors acquired the Canadian segment on June 7, while QIC and Ullico took over the U.S. segment on July 16. Net proceeds for Brookfield are around $1 billion, achieving an IRR of over 30% and a multiple of invested capital exceeding six times. Post-transaction, corporate liquidity stands at $4 billion, earmarked for growth initiatives.
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