Brookfield Infrastructure Partners LP says it has completed the acquisition of Inter Pipeline Ltd.
The transaction was approved almost unanimously by Inter Pipeline shareholders and received final approval from an Alberta court.
READ MORE: Brookfield Trust Bid by Inter Pipeline After Pembina Cancels Rival Bid
Non-Brookfield Infrastructure shareholders had until Tuesday afternoon to receive $ 20 in cash, a quarter of a Brookfield share, or a combination of the two.
Cash was the choice of choice for holders of 68.7 million Inter Pipeline shares, while Brookfield shares were chosen by holders of 32.4 million shares.
Inter Pipeline shares are expected to be delisted from the Toronto Stock Exchange by the end of trading on Monday.
Brian Baker was named interim CEO following the resignation of Christian Bayle.
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