Inter Pipeline Ltd.

10:42 AM EST - Inter Pipeline Ltd. : Has advised Pembina Pipeline Corporation that Inter Pipeline's Board of Directors will not be reconfirming its recommendation that shareholders of the Company vote in favour of the Pembina Arrangement. As a result, Pembina has terminated the Arrangement Agreement effective July 25, and Inter Pipeline has agreed to pay Pembina the termination fee of $350 million. Inter Pipeline Ltd.

shares T.IPL are trading down $0.24 at $19.98.

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