August 9, 2019 / 3:25 PM / 4 months ago

Inter Pipeline declines comment on takeover bid report, shares surge

WINNIPEG, Manitoba, Aug 9 (Reuters) - Canadian oil pipeline and storage company Inter Pipeline Ltd refused to comment on Friday about a newspaper report that it had received a takeover bid, as its shares rose.

“As a matter of policy we do not comment on market rumors or speculation, so we will have nothing further to say on this matter today,” Chief Financial Officer Brent Heagy said on a quarterly conference call.

Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Steve Orlofsky

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