Inter Pipeline profit more than doubles in second quarter to $145.5 million | Globalnews.ca

Inter Pipeline profit more than doubles in second quarter to $145.5 million

President and CEO Christian Bayle said it delivered another strong quarter with stable results despite the challenges of having to deal with competing bids by Pembina Pipeline Corp. and Brookfield Infrastructure Partners LP.Inter Pipeline’s board is recommending shareholders accept a $16-billion takeover offer by Brookfield, which revised its offer to $19.75 per share. The offer expires on Friday.

Pembina terminated its own rival offer nearly two months after Inter Pipeline entered into a friendly $8.3-billion all-share deal with Pembina equal to $19.45 per share.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GlobalNational /  🏆 81. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sun Life second-quarter profits increases 73 per cent to $900 millionSun Life Financial Inc. says its net income increased 73 per cent to $900 million in its latest quarter on market-related improvements particularly from higher interest rates
Read more »