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On June 1st, Pembina Pipeline (PBA) announced a friendly takeover of Inter Pipeline Ltd. (OTCPK:IPPLF) in an $8.3B CAD all-stock deal with each IPL shareholder receiving 0.5 shares of Pembina. Trapping Value does a good breakdown on how the deal affects shareholders of each company. This article looks at how to potentially play this merger.
Background
IPL has been in play sometime, going as far back as 2019 when a rumored deal with Hong Kong Billionaire Li Ka-Shing’s…

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