Brookfield Infrast Partners Lp Stock Price, News & Analysis

Brookfield Infrastructure Partners has filed a challenge with the Alberta Securities Commission to contest Inter Pipeline Ltd.'s $350 million termination fee, which they argue unfairly benefits Pembina Pipeline Corporation at the detriment of IPL shareholders. Brookfield's Enhanced Proposal offers IPL shareholders a choice between $19.50 in cash or shares, surpassing Pembina's offer of $19.45. Brookfield aims to eliminate the Break Fee to increase their proposal, which already boasts a 74% cash component and secured regulatory approvals for a swift close.

Brookfield Infrastructure Partners has made an offer to acquire Inter Pipeline Ltd., valuing IPL shares at C$19.751, a 4.4% premium over Pembina’s share-based offer of C$18.91. The offer consists of 74% cash and 26% share consideration, with significant regulatory approvals already secured. Brookfield opposes IPL's agreement with Pembina, highlighting risks and uncertainties in the all-share deal. The offer is open until June 22, 2021, and Brookfield emphasizes its strong track record of delivering shareholder value.

Brookfield Infrastructure Partners has announced a bid to acquire Inter Pipeline Ltd. (TSX: IPL) for C$19.75 per share, a 4.4% premium over Pembina's C$18.91 offer. The bid is composed of 74% cash and has received all regulatory approvals, allowing for a potential close in approximately 10 business days. Brookfield criticizes IPL's Board for favoring Pembina's inferior proposal, claiming it fails to prioritize shareholder interests. The offer aims to preserve local jobs compared to Pembina's plan, which suggests significant job losses due to cost synergies.

Brookfield Infrastructure Partners L.P. has successfully closed a public offering of $250 million in fixed-rate subordinated notes due May 24, 2081, with a 5.00% coupon. The proceeds will be used primarily to redeem Class A Preferred Units, Series 5, by September 30, 2021, and for general corporate purposes. The notes will be listed on the NYSE under the symbol BIPH. The issuance was facilitated by leading financial institutions including BofA Securities and Morgan Stanley.

Brookfield Infrastructure (NYSE: BIP) reported strong first-quarter results for 2021, with net income of $190 million ($0.27 per unit), more than doubling from $119 million ($0.13 per unit) in 2020. Funds from Operations (FFO) increased by 20% to $431 million, driven by organic growth and successful capital projects. The report highlighted enhanced performance across segments, including utilities, transport, midstream, and data. The company also advanced key strategic initiatives, including asset sales and acquisitions, while declaring a quarterly distribution of $0.51 per unit, a 5% increase from the previous year.

Brookfield Infrastructure Partners (NYSE: BIP) has expressed frustration over delays from Inter Pipeline Ltd. (TSX: IPL) in the Strategic Review process since Brookfield's Offer announcement on February 10, 2021. Brookfield's Offer, valued at C$16.50 per IPL share, represents a 30% premium based on IPL’s recent trading price. Despite shareholder interest, IPL's Special Committee has not provided necessary access to due diligence. Brookfield remains committed to increasing its Offer contingent upon acquiring proper information. Concerns persist regarding IPL's Heartland Petrochemical Complex projections, indicating a significant EBITDA gap.

Brookfield Infrastructure Partners will hold its 2021 First Quarter Conference Call on May 6, 2021, at 9:00 a.m. (ET) to discuss quarterly results and current initiatives. The results will be released at approximately 7:00 a.m. (ET) the same day. Investors can access details via the company’s website. Participation in the call can be done through a toll-free number for North America or an international line. A rebroadcast will be available until May 13, 2021. Brookfield is a leading global infrastructure company offering stable cash flows through a diversified portfolio.

Brookfield Infrastructure (NYSE: BIP) filed its 2020 Annual Report, including audited financial statements, with the SEC and Canadian authorities. The company focuses on high-quality, long-life infrastructure assets across various sectors that ensure stable cash flows. Investors can access their portfolio through Brookfield Infrastructure Partners L.P. or Brookfield Infrastructure Corporation. The company operates under Brookfield Asset Management, which manages approximately $600 billion in assets.

Kinder Morgan and Brookfield Infrastructure Partners announced the sale of a 25% minority interest in Natural Gas Pipeline Company of America (NGPL) to ArcLight Capital for $830 million. This transaction values NGPL at approximately $5.2 billion, representing 11.2 times its 2020 EBITDA. Post-sale, both KMI and Brookfield will each hold a 37.5% interest in NGPL, which plays a significant role in transporting natural gas to the Chicago market and LNG export facilities. The deal is expected to close in Q1 2021.