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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Inter Pipeline Ltd.    IPL   CA45833V1094

INTER PIPELINE LTD.

(IPL)
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Inter Pipeline : says no decisions made on strategic options after Brookfield offer

02/19/2021 | 02:39pm EST

CALGARY, Alberta (Reuters) - Canada's Inter Pipeline Ltd said on Friday no decisions have been made as it initiates a strategic review of its options, a week after rejecting an unsolicited bid from its largest shareholder, Brookfield Infrastructure Partners.

The Calgary-based company announced a formal review on Thursday, and said options included a possible "corporate transaction."

Infrastructure company Brookfield had offered C$16.50 per share for Inter and said it was willing to go as high as C$18.25 if the pipeline operator gave it access to due diligence.

At the top price, Brookfield's offer valued Inter at C$7.8 billion ($6.15 billion) but the pipeline company rejected the offer, saying it was too low.

On a conference call on Friday, held to discuss Inter's quarterly earnings, Chief executive Christian Bayle made it clear the board would consider an acquisition by Brookfield as part of the review process.

"The intention is to evaluate a broad range of corporate options, one of which obviously is a possible corporate transaction. I think it's fair to say the board would not preclude including Brookfield in that process if they would participate," Bayle said.

"No timetable has been set and no decisions have been made regarding strategic alternatives."

(Reporting by Nia Williams; editing by Jonathan Oatis; Editing by Chris Reese)

By Nia Williams


© Reuters 2021
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Financials
Sales 2021 2 283 M 1 791 M 1 791 M
Net income 2021 360 M 282 M 282 M
Net Debt 2021 6 863 M 5 384 M 5 384 M
P/E ratio 2021 20,4x
Yield 2021 2,73%
Capitalization 7 687 M 6 053 M 6 030 M
EV / Sales 2021 6,37x
EV / Sales 2022 5,01x
Nbr of Employees 1 656
Free-Float 99,8%
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Technical analysis trends INTER PIPELINE LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 17,63 CAD
Last Close Price 17,91 CAD
Spread / Highest target 11,7%
Spread / Average Target -1,55%
Spread / Lowest Target -16,2%
EPS Revisions
Managers and Directors
NameTitle
Christian P. Bayle President, Chief Executive Officer & Director
Brent Cameron Heagy Chief Financial Officer
Richard A. Shaw Chairman
Richard Sawyer Vice President-EH&S & Technical Services
Duane E. Keinick Independent Director
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