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- Brookfield Infrastructure agreed with the advice of another leading independent agency consultant, Glass Lewis, Inter Pipeline Ltd. (“Intense pulsed light“) Shareholders voted against IPL’s proposed transaction (“Alternative transaction“) and Pembina Pipeline Corporation (“Pembina“)
- Serving with institutional shareholders (“International Space Station“) In voting against alternative transactions, Glass Lewis cited alternative transaction execution, integration, commodity prices, and market risks, while Brookfield Infrastructure’s revised quotation has a significantly higher value, as well as the certainty and liquidity of its all-cash options Sex
- There are two independent proposals, and the choice is clear-vote against alternative deals and bid for a superior offer for Brookfield Infrastructure
- Have questions or need help?Please call 1-877-452-7184 or email to assistance@laurelhill.com to contact the Laurelhill Advisory Group
Brookfield News, July 23, 2021 (Global News Service)-Brookfield Infrastructure Partner LP (New York Stock Exchange ticker:beep, Toronto Stock Exchange:beep), together with its institutional partners (collectively referred to as “Brookfield Infrastructure“) Agree with Glass Lewis’ proposal to vote against alternative transactions.
Consistent with ISS’s objective and impartial analysis when arriving at its recommendations, Glass Lewis believes that the value of Brookfield Infrastructure’s revised quotation is significantly higher than that of alternative transactions, and cites the certainty of the value and liquidity of its all-cash options.
Glass Lewis said, “We Consider the latest revised quotation announced by Brookfield on July 15, 2021. The quotation provides 100% cash consideration and its value is Significantly exceeds the overall value of the Pembina merger consideration and the current synergy value…We stay Recognize the execution and integration risks associated with the proposed merger [with Pembina] with Persistent market and commodity price riskAnd so on, related to the continuous equity investment in the merged company. “
Following the two well-known agency consultants, Glass Lewis and ISS, who voted against the recommendations and provided objective and independent advice, and Pembina announced that it would not increase or otherwise change its consideration, Brookfield Infrastructure reiterated its firm belief in IPL Proposal (Toronto Stock Exchange:Intense pulsed light) The shareholders are superior. IPL shareholders should vote against alternative transactions as early as possible before IPL’s proxy voting deadline on July 27, 2021.
In view of the outstanding value, flexibility and certainty of our offer, we encourage IPL shareholders to bid for our offer, which will be open for acceptance before 5:00 pm (Mountain Time) on August 6, 2021.
consultant
Brookfield Infrastructure has hired BMO Capital Markets and Barclays Capital Canada Inc. as joint financial advisors and McCarthy Tétrault LLP as legal advisors in connection with the offer. Laurel Hill Advisory Group has also been hired as a strategic communications consultant and agency solicitation and information agency for Brookfield Infrastructure.
Brookfield Infrastructure It is a leading global infrastructure company that owns and operates high-quality, long-lived assets in the utilities, transportation, midstream and data sectors in North and South America, Asia Pacific and Europe. We focus on assets that generate predictable and stable cash flow contracts and regulatory income. Investors can use Brookfield Infrastructure Partners LP (New York Stock Exchange stock code:beep, Toronto Stock Exchange:beep), a limited partnership based in Bermuda, or Brookfield Infrastructure Corporation ((NYSE, TSX:International Insurance Regulatory Commission), a Canadian company.More information is available at www.brookfield.com/infrastructure.
Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management. Brookfield Asset Management is a global alternative asset management company with more than $600 billion in assets under management.For more information, please visit www.brookfield.com.
Additional information about the proxy request
In accordance with the order of the Alberta Securities Commission on June 29, 2021, Brookfield Infrastructure is soliciting agents through this press release, allowing Brookfield Infrastructure to solicit agents through public broadcasting without the need for Brookfield Infrastructure to submit an agent notice. Brookfield Infrastructure is in the process of discussing IPL and the IPL Annual General Meeting and Special Meeting to be held on July 29, 2021 (“IPL meeting“). IPL’s headquarter is located at Suite 3200, 215-2nd Street SW, Calgary, Alberta, T2P 1M4.
Brookfield Infrastructure has hired Laurel Hill Consulting Group as its strategic advisor and agent…
The full story can be found on Benzinga.com
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