Business
Pembina and Inter Pipeline to Combine Highly Integrated and Complementary Businesses to Accelerate Long-term Strategic Plan
Pembina and Inter Pipeline to Combine Highly Integrated and Complementary Businesses to A...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n \n \n \n Pembina and Inter Pipeline to Combine Highly Integrated and Complementary Businesses to Accelerate Long-term Strategic Plan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (\"adjusted EBITDA\"), and adjusted cash flow from operating activities (\"adjusted cash flow\"), which are financial measures that are not defined by Generally Accepted Accounting Principles (\"GAAP\"). For more information about these metrics, see \"Non-GAAP Measures\" herein.\n \n \n \n \n CALGARY, AB\n \n ,\n \n June 1, 2021\n \n /CNW/ - Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) (\"Pembina\") and Inter Pipeline Ltd. (TSX: IPL) (\"Inter Pipeline\") announced today that they have entered into an arrangement agreement for Pembina to acquire all of the issued and outstanding shares of Inter Pipeline in a share-for-share transaction (the \"Transaction\"), which values Inter Pipeline common shares at approximately\n \n $8.3 billion\n \n , or\n \n $19.45\n \n per share, based on the closing price of Pembina's common shares on\n \n May 31, 2021\n \n .\n \n \n The Transaction will create one of the largest energy infrastructure companies in\n \n Canada\n \n , with a pro...