|Bid||54.60 x 1000|
|Ask||56.10 x 900|
|Day's Range||55.15 - 55.93|
|52 Week Range||39.51 - 55.93|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||307.20|
|Earnings Date||May 07, 2020|
|Forward Dividend & Yield||2.15 (3.89%)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||58.00|
Strong organic growth across operations and contributions from recent acquisitions drive Brookfield Infrastructure's (BIP) net income in 2019.
In 2018, Ottawa bought the 67-year-old pipeline for C$4.5 billion to ensure expansion proceeded, but has faced opposition by environmental and some indigenous groups. Brookfield could be a potential "dark horse", as it recently completed a $20 billion capital raise, and continues to have excellent access to capital markets, analyst Ian Gillies said in a research note on Monday. "We would also expect various indigenous groups to pursue acquiring the pipeline", Gillies wrote, adding that any further cost overruns would make Trans Mountain an unattractive M&A candidate for existing Canadian infrastructure companies.
(Bloomberg) -- Canada’s Trans Mountain oil-pipeline expansion is no bargain after a multibillion-dollar increase in the cost of the project. But there could be at least one unexpected suitor.Brookfield Infrastructure Partners LP may be a “dark horse” buyer should the opportunity arise as it recently completed a big equity raise and has “excellent access to capital markets,” Ian Gillies, an analyst at Stifel FirstEnergy said in a report published Monday. Brookfield had purchased NorthRiver Midstream Inc. in 2018, highlighting its interest and ability to run energy infrastructure assets.The price tag for the Trans Mountain expansion has increased 70% to C$12.6 billion ($9.5 billion) given legal delays and accommodations made to indigenous communities along its route. The project is now owned by Justin Trudeau’s government, who purchased it from U.S.-based Kinder Morgan Inc. for $4.5 billion.Just last week, parent company Brookfield Asset Management Inc. raised $20 billion in equity commitments for its flagship global infrastructure fund and the firm itself committed $5 billion of capital, which will be funded through Brookfield Infrastructure and Brookfield Renewable Partners LP.“Any further cost overruns would make Trans Mountain an unattractive M&A candidate for existing Canadian infrastructure companies,” Gillies said in a note to clients:Pension and private equity funds also could also look at the project, however the former may face ESG-related headwinds given the Trans Mountain pipeline ships crude from Canada’s oil-sands, Gillies said.Various Indigenous groups to also pursue Trans Mountain, he said adding that the pipeline company now has agreements with 58 First Nations groups, up from 43.Pembina Pipeline Corp. could “at least review the transaction” given its enterprise value of C$44 billionPipeline giants TC Energy Corp. and Enbridge Inc. may not be in the market for large-scale deals and could require equity financingsTo contact the reporter on this story: Michael Bellusci in Toronto at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Divya Balji, Dave LiedtkaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
7% growth in distributions ─ 11th consecutive annual increase BROOKFIELD, NEWS, Feb. 10, 2020 -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its.
BROOKFIELD NEWS, Feb. 07, 2020 -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) announced today the closing of its latest flagship global.
In late October, at the Baron Investment Conference, I listened to Bruce Flatt, CEO of Canadian money manager Brookfield Asset Management, recalls Mark Skousen, leading growth and income expert and editor of Forecasts & Strategies.
Hawaiian Telcom is partnering with YouTube TV, and Hawaiian Telcom's parent company, Cincinnati Bell, received a second bid to be acquired.
Cincinnati Bell announced Friday that it received a second bid to be acquired from an anonymous infrastructure fund offering to pay more than Toronto-based Brookfield Infrastructure originally bid.
Cincinnati Bell Inc. said Friday that it has received an unsolicited buyout bid from an "infrastructure fund" for $12 a share in cash. That bid is 14% above the buyout deal Cincinnati Bell made with Brookfield Infrastructure Partners L.P. in December for $10.50 a share, in a deal valued at $2.6 billion including debt. The new bid implies a market capitalization for the communications company of about $605 million. "Cincinnati Bell has commenced discussions with the Fund regarding the Proposal following Cincinnati Bell's board of directors having made the required determinations under the Brookfield Merger Agreement that allow it to do so," Cincinnati Bell said in a statement. "The Brookfield Merger Agreement remains in effect and accordingly the Cincinnati Bell board reaffirms its existing recommendation in support of the transaction with Brookfield Infrastructure at this time." Cincinnati Bell's stock has more than doubled (up 115%) over the past three months while the S&P 500 has gained 10.5%.
Cincinnati Bell Inc. (NYSE: CBB) today announced that on January 22, 2020 it received a non-binding proposal from an infrastructure fund (the "Fund") to acquire all of the outstanding shares of common stock of Cincinnati Bell for $12.00 per share in cash (the "Proposal").
Date: Monday, February 10, 2020 Time: 9:00 a.m. (ET) BROOKFIELD, NEWS, Jan. 07, 2020 -- You are invited to participate in Brookfield Infrastructure Partners’ 2019.
Enbridge Closes the Federally Regulated Portion of the Previously Announced Sale of Natural Gas Gathering & Processing Assets in Northern British Columbia to Brookfield Infrastructure
Genesee & Wyoming, Inc. (NYSE: GWR) announced that the sale of the company to affiliates of infrastructure asset management firms Brookfield Infrastructure (NYSE: BIP) and GIC has been completed. The stock ceased trading on the NYSE prior to today's session with a final closing price of $111.88. For our customers, employees and Class I partners, the long-term investment horizon of Brookfield and GIC is perfectly aligned with the long lives of G&W railroad assets.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cincinnati Bell, Inc. ("CBB" or the "Company") (NYSE: CBB) in connection with the proposed acquisition of the Company by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP). Under the terms of the acquisition agreement, CBB shareholders will receive $10.50 for each share they own.
S&P; SmallCap 600 constituent RH (NYSE: RH) will replace Genesee & Wyoming Inc. (NYSE: GWR) in the S&P; MidCap 400, and Foundation Building Materials Inc. (NYSE: FBM) will replace RH in the S&P; SmallCap 600 prior to the open of trading on Thursday, January 2. Brookfield Infrastructure Partners L.P. (NYSE: BIP) is acquiring Genesee & Wyoming in a deal expected to be completed prior to the open of trading on Monday, December 30.
A researcher says that the acquisition of Cincinnati Bell by a Toronto firm for $2.6 billion is a best-case scenario for the locally headquartered telecom, but he's not upgrading his guidance on the company's stock.
Cincinnati Bell (CBB) approves the decision to be acquired by a Toronto-based company, in order to fortify the innovative network infrastructure globally by scaling up its operational efficiency.
Moody's Investors Service stated today that Cincinnati Bell Inc. (CBB) announced that it had signed a definitive merger agreement to be acquired by Brookfield Infrastructure (Brookfield). Management and Brookfield have not disclosed material considerations such as sources of financing, the company's post-merger capitalization and organizational structure.
Rowley Law PLLC is investigating potential securities law violations by Cincinnati Bell, Inc. (NYSE: CBB) and its board of directors concerning the proposed acquisition of the company by Brookfield Infrastructure Partners, LP (NYSE: BIP). Stockholders will receive $10.50 per share of Cincinnati Bell common stock that they hold. The transaction is valued at approximately $2.6 billion and is expected to close end of 2020.
Stock in hometown telecom Cincinnati Bell is rocketing on news that the company will be acquired by a Toronto firm for $2.6 billion next year.
Cincinnati Bell Inc. said Monday it has agreed to be acquired by Brookfield Infrastructure Partners LP in a deal valued at about $2.6 billion. Under the terms of the deal, Cincinnati Bell shareholders will receive $10.50 a share in cash, equal to a 36% premium over the closing share price on Dec. 20 and an 84% premium to the 60-day volume weighted average price. The deal is expected to close before the end of 2020. Cincinnati Bell owns and operates a data transmission and distribution network serving 1.3 million households in Cincinnati, Ohio and Hawaii. Cincinnati Bell shares were not active premarket, but have fallen 0.8% in 2019, while the S&P 500 has gained 28.5%.