Brookfield Infrastructure Corp. on Aug. 6 said it has extended its takeover offer to purchase Canadian pipeline operator Inter Pipeline to Aug. 20.
"Brookfield has achieved initial tender of about 52%, providing a clear path to achieve the modified statutory minimum condition," the company said in a statement.
Recommended Reading
Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM
2024-05-27 - Martin Resource Management created Martin Midstream through an IPO in 2002.
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
2024-05-23 - Kinetik CEO Jamie Welch walks through the company's process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
2024-07-10 - Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
Blackstone Buys Enagás’ Tallgrass Stake for $1.1 Billion
2024-07-11 - Spain’s Enagás is selling its Tallgrass Energy interests to Blackstone Infrastructure Partners in exchange for some needed capital.
Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer
2024-07-11 - Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.