Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd.
The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court.
READ MORE: Brookfield confident in offer for Inter Pipeline after Pembina terminates rival bid
Shareholders other than Brookfield Infrastructure had until Tuesday afternoon to receive $20 in cash, one-quarter of a Brookfield share or a combination of the two.
Cash was the selection option for holders of 68.7 million Inter Pipeline shares while Brookfield shares were chosen by the holders of 32.4 million shares.
Inter Pipeline shares are expected to be delisted from the Toronto Stock Exchange at the end of Monday trading.
Brian Baker was appointed interim CEO following the resignation of Christian Bayle.
- Gas prices surge in some parts of Canada. What’s causing pain at the pumps?
- Roll Up To Win? Tim Hortons says $55K boat win email was ‘human error’
- Ontario premier calls cost of gas ‘absolutely disgusting,’ raises price-gouging concerns
- Netflix beats subscriber targets, but revenue falls short of forecast
Comments