Brookfield Infrastructure offers to buy Inter Pipeline for C$16.50/share

  • Brookfield Infrastructure Partners (NYSE:BIP) says it has made an offer to take private Canada's Inter Pipeline (OTCPK:IPPLF) for C$13.5B (US$10.63B).
  • Under the deal terms, each Inter Pipeline shareholder will have the ability to elect to receive C$16.50/share in cash - a 23% premium to today's closing price in Toronto - or 0.206 of a Brookfield Infrastructure class A exchangeable share.
  • Brookfield says it first approached Inter Pipeline in September and then made takeover proposals, but Inter Pipeline "declined to engage constructively" on a deal.
  • Brookfield is Inter Pipeline's largest shareholder, owning 19.65% of all issued and outstanding shares.
  • The company says it is willing to consider increasing its offer if it is granted access to due diligence.

    Brookfield fundamentals

    Over the current book year the total revenu from the company based in Hamilton will be 4.66 billion USD (consensus estimates). This is rather significant lower than 2019's revenue of 8.89 billion USD.

    Historical revenues and results Brookfield Infrastructure Partners LP plus estimates 2020

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    The analysts expect for 2020 a net profit of 425 million USD. The majority of the analysts expects for this year a profit per share of 85 cent. The price-earnings-ratio equals an extreme 59.53.

    Huge dividend Brookfield Infrastructure Partners LP

    For this year the analysts expect a dividend of 2.03 USD per share. The dividend yield is then 4.01 percent. The average dividend yield of the construction/infrastructure companies equals a limited 0.77 percent.

    Brookfield Infrastructure Partners LP 's market capitalization is based on the number of outstanding shares around 14.85 billion USD. The Brookfield Infrastructure Partners LP stock was the past 12 months quite unstable. Since last February the stock is 7 percent higher. This year the stock price moved between 23 and 55 dollar.

    Historical stock prices Brookfield Infrastructure Partners LP

    stock brookfieldinfrastructurepartnerslp

    Click here for dividend Brookfield Infrastructure Partners LP. On Friday the stock closed at 50.6 USD.

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