Pembina Terminates Agreement To Buy Inter Pipeline In All-Stock Deal ...Middle East

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Pembina Terminates Agreement To Buy Inter Pipeline In All-Stock Deal
Pembina Pipeline Corporation has terminated its previous agreement to buy Inter Pipeline in the latest twist in the biggest multi-billion fight over pipeline resources control in Canada since 2019. On Monday, Pembina Pipeline said it had terminated its previous arrangement to buy Inter Pipeline in an all-stock transaction that had valued Inter Pipeline's common shares at around US$6.6 billion (C$8.3 billion), based on the closing price of Pembina's common shares on May 31, 2021. The initial deal, announced in June, was expected to create one of…

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