It has been a great couple of days for Inter Pipeline (TSX:IPL) shareholders. On Thursday, the company’s stock price jumped almost 9% on rumors that it received a cash takeover bid worth up to $12.4 billion, or $30 per share.The good news didn’t stop there. After the markets closed, Inter Pipeline announced strong second quarter results. The company posted record second-quarter income of $260 million, more than double analysts estimates for net income of $114 million.Earnings of $0.63 … [Read more...] about Inter Pipeline (TSX:IPL) Spikes on Takeover Rumours – Posts Record Earnings
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