Pembina Pipeline signs deal to buy Inter Pipeline for $8.3B

By News Staff

Posted June 1, 2021 6:45 am.

CALGARY — Pembina Pipeline Corp. has signed a deal to buy Inter Pipeline Ltd. for $8.3 billion in stock.

Under the deal, Inter Pipeline shareholders will receive half a Pembina share for each share of Inter Pipeline that they own.

The offer is valued at $19.45 per Inter Pipeline share based on the closing price of Pembina shares on Monday.

More coming.

Companies in this story: (TSX:PPL, TSX:IPL)

The Canadian Press

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