Pembina Mails Joint Information Circular, Urges Shareholders to Approve Proposed Strategic Combination with Inter Pipeline at Upcoming Special Meeting
CALGARY, AB , July 5, 2021 |CNW| - Pembina Pipeline Corporation ("Pembina") (TSX: PPL ) (NYSE: PBA ) today announced that it has filed a joint information circular (the "Joint Circular") and related materials for its special virtual-only meeting of shareholders to be held on July 29, 2021 (the "Special Meeting") in connection with the proposed strategic combination with Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL ), which has been unanimously recommended by the Boards of Directors of both companies. The Transaction On May 31, 2021 , Pembina and Inter Pipeline entered into an agreement (the "Strategic Combination") to create one of the largest and best positioned energy infrastructure companies in Canada . Together the companies'' diversified and integrated asset base can support and grow an extensive value chain for natural gas, natural gas liquids and crude oil, from wellhead to end user, that far exceeds anything either company can do separately. Under the Strategic Combination, Inter Pipeline shareholders will receive 0.5 of a common share of Pembina for each common share of Inter Pipeline.
Pembina Mails Joint Information Circular, Urges Shareholders to Approve Proposed Strategic Combination with Inter Pipeline at Upcoming Special Meeting
CALGARY, AB , July 5, 2021 |CNW| - Pembina Pipeline Corporation ("Pembina") (TSX: PPL ) (NYSE: PBA ) today announced that it has filed a joint information circular (the "Joint Circular") and related materials for its special virtual-only meeting of shareholders to be held on July 29, 2021 (the "Special Meeting") in connection with the proposed strategic combination with Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL ), which has been unanimously recommended by the Boards of Directors of both companies. The Transaction On May 31, 2021 , Pembina and Inter Pipeline entered into an agreement (the "Strategic Combination") to create one of the largest and best positioned energy infrastructure companies in Canada . Together the companies'' diversified and integrated asset base can support and grow an extensive value chain for natural gas, natural gas liquids and crude oil, from wellhead to end user, that far exceeds anything either company can do separately. Under the Strategic Combination, Inter Pipeline shareholders will receive 0.5 of a common share of Pembina for each common share of Inter Pipeline.