Brookfield Infrastructure Ups the Ante on Its Hostile Takeover Attempt
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) isn't letting another potential suitor get in the way of its quest to acquire Canadian oil infrastructure company Inter Pipeline (TSX: IPL). One day after its target agreed to merge with rival Canadian midstream company Pembina Pipeline (NYSE: PBA), Brookfield Infrastructure launched a revised offer for Inter Pipeline.
The infrastructure company is taking its latest proposal directly to shareholders as it increases the hostile pressure on the company's management team to accept its offer.
Image source: Getty Images.
Source Fool.com
