March 9 (Reuters) - Inter Pipeline Ltd IPL.TO :
* INTER PIPELINE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS SHAREHOLDERS REJECT BROOKFIELD'S HOSTILE BID
* INTER PIPELINE LTD - BOARD UNANIMOUSLY DETERMINED THAT BROOKFIELD'S HOSTILE TAKEOVER BID IS NOT IN BEST INTERESTS OF CO OR ITS SHAREHOLDERS
* INTER PIPELINE - BOARD HAS ESTABLISHED SPECIAL COMMITTEE, CHAIRED BY MARGARET MCKENZIE, MADE UP OF INDEPENDENT DIRECTORS, TO OVERSEE STRATEGIC REVIEW
* INTER PIPELINE LTD - BELIEVE SUPERIOR OFFERS OR ALTERNATIVES MAY EMERGE PRIOR TO SCHEDULED EXPIRY OF HOSTILE BID, WHICH IS NOT UNTIL JUNE 7, 2021