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Pembina Reinforces Superior Proposal for Inter Pipeline Shareholders Through Highly Strategic Combination
Pembina Reinforces Superior Proposal for Inter Pipeline Shareholders Through Highly Strat...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n \n \n \n Pembina Reinforces Superior Proposal for Inter Pipeline Shareholders Through Highly Strategic Combination\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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\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 Cautions Inter Pipeline shareholders not to tender their shares to\n \n \n Brookfield's\n \n opportunistic, hostile offer that would deny them significant\n \n potential upside value and creates tax exposure\n \n \n \n \n All financial figures are approximate and presented 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 7, 2021\n \n /CNW/ - Pembina Pipeline Corporation (\"Pembina\") (TSX: PPL) (NYSE: PBA) today reinforced its view of the substantial value opportunity for shareholders of Inter Pipeline Ltd. (\"Inter Pipeline\") (TSX: IPL) through the board-supported strategic combination with Pembina (the \"Strategic Combination\"). Pembina also cautioned Inter Pipeline shareholders not to tender their shares to Brookfield Infrastructure Partners L.P.'s (\"Brookfield\") opportunistic, hostile offer that would deny them the significant potential upside of a combined company, while also creating tax exposure.\n \n \n Pembina's President and Chief Executive Officer,\n \n Mick Dilger\n \n said, \"Along with the Inter Pipeline Board of Directors, we are very excited about this op...