TORONTO, Sept. 14, 2021 /CNW/ - The shareholders of Brookfield Infrastructure Partners Corp. (TSX/NYSE:BIPC) and Inter Pipeline Ltd. (TSX:IPL) have entered into an Arrangement Agreement resulting in the combination of the two companies. Inter Pipeline shareholders can elect to receive C$20.00 cash or 0.250 BIPC exchangeable share for each share of Inter Pipeline held, subject to pro-ration.

Following the successful tender in which Brookfield Infrastructure acquired 76.4% of the company and the motion to acquire the remaining Inter Pipeline common shares via a Subsequent Acquisition Transaction, Inter Pipeline will be removed from the S&P/TSX 60 Index and S&P/TSX Composite Index prior to the open of trading on Monday, September 20, 2021.

FirstService Corporation (TSX:FSV) will replace Inter Pipeline Ltd. in the S&P/TSX 60 Index effective prior to the open of trading on Monday, September 20, 2021.

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