Incitec Pivot Ltd T.IPL

RE:No guarantees??

[Oldfart74]

Figlen wrote: I suppose this will be my last post on this forum though I will continue to read both the informative, amusing and widely varying posts of those who continue to soldier on. This morning, on counsel of my advisor, I sold my last 5000 shares and am out of the process. My reason? I was informed that I may not get the $20 cash as I requested when I tendered my shares last week and may have to receive an unknown proportion of Brookfield shares. As I find this distasteful and not trusting what Brookfield will do, I pulled my investment. If this process fails I would look at IPL again, as I feel the parts are worth much more than the whole. Thank you all for your input and good luck to your own positions!

You received bad advice. There is no limit on the cash amount; the risk of proration is only for those who elected to receive shares.  My personal feeling is that most IPL shareholders will choose cash and there will no prorationing of the shares.