Deals
Pembina to Buy Canada Pipeline Rival Inter for $6.9 Billion
- Pembina exceeds Brookfield affiliate’s hostile takeover offer
- Deal will create major operator of pipelines in Western Canada
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Pembina Pipeline Corp. agreed to acquire Inter Pipeline Ltd. for about C$8.3 billion ($6.9 billion) in an all-stock deal that will create one of the largest energy companies in Canada.
The proposal from Pembina trumps a hostile takeover offer for Inter made by Brookfield Infrastructure Partners LP earlier this year. Inter spurned that approach and began a review of its options, which included a sale.