Pembina Pipeline (PPL.TO) stock fluctuated during one month. If we look at the chart, the price started from C$40.78 on June 21 and then fell by fluctuating to C$39.39. Despite climbing to C$39.72 on July 5 and the price slightly declined to C$39.02 on July 8. Finally, after rising to C$40.16 on July 13, the price dropped to C$38.79 on July 16 and slightly rose to C$38.85 on July 19. Pembina Pipeline (PPL.TO) reported that it has no intention to enhance or modify the remuneration for 0.50 common stock of Pembina proposed as part of the intended acquisition of all common stock of Inter Pipeline. In accordance with understanding about agreements signed by partners and consciously nominated by the board of directors of Inter Pipeline. Pembina considers that its strategic alliance with Inter Pipeline is extremely important in terms of immediate and long-term value, and considers that shareholders should vote for the deal.
Shareholders are invited to vote for the Strategic Combination before the deadline 10:00 a.m. M.T (Inter Pipeline shareholders) and 13:00 pm. M.T (shareholders of Pembina) July 27, 2021, on July 29, 2021. meetings of each of the respective stockholders. It is expected that if approved Strategic combination between Pembina and Inter Pipeline will be closed at the end of the third quarter or at the beginning of the fourth quarter of 2021.
Finance and Tech Contributor