Brookfield I Comments on IPL'S - Directors circular
GlobeNewswire
I posted the relevant info below.
As the largest individual shareholder in IPL, we are pleased that the Board has established a Special Committee and will commence a Strategic Review. We welcome the Board's efforts to market test the Offer against other take-private proposals for IPL.
The Company notes in the Directors' Circular that a comprehensive data room has been prepared and contact has been initiated with a number of third parties. Brookfield Infrastructure has not been contacted by IPL or its advisors since the initiation of the Offer.
Brookfield Infrastructure's Offer is based exclusively on publicly available information. Any ability for Brookfield Infrastructure to increase the Offer would be predicated on completing customary confirmatory due diligence that supports such an increase. We remain open to engaging directly with the Company on fair and balanced terms.
Brookfield Infrastructure remains committed to the Offer and continues to believe the Offer is in the best interests of IPL shareholders: