IPPLF - Brookfield may revise offer for Inter Pipeline despite regulator's ruling

spooh/E+ via Getty Images Brookfield Infrastructure Partners (BIP) says it is "considering further enhancements" to its offer to buy Inter Pipeline (IPPLF), after the Alberta Securities Commission ruled yesterday that Inter Pipeline did not engage in any improper defensive tactics to fend off Brookfield's hostile takeover bid. Brookfield says it disagrees with aspects of the decision but plans to revise its offer to comply with the terms of the decision, without providing details. The company said last month that it was prepared to raise its offer by C$0.901 to C$20.401 per Inter share, pending the outcome of its challenge before the Alberta regulator. "With this decision, Inter Pipeline shareholders have had their rights protected," says Pembina Pipeline (PBA), whose friendly takeover offer now appears to have the advantage. Inter Pipeline had rejected Brookfield's latest revised takeover offer three weeks ago.

For further details see:

Brookfield may revise offer for Inter Pipeline despite regulator's ruling