Incitec Pivot Ltd T.IPL

RE:RE:RE:RE:RE:RE:What a joke!!

[Maxmoe]

Still think you'll be buying it back anywhere near 16 sarge? Ipl management would have been quite  happy to just build the plastics plant without having to "manage" the takeover process started with a clumsy ill advised poorly timed and pooorly executed attempt to steal Ipl cheap by bip. And it STILL ain't over. The only change has been step one, namely, Brookfield fails, was delayed a few weeks. There has been a huge number of shares traded above bip offers. Both of them. Maybe there is a 3rd bidder, maybe not but it's still put up or shut up time because nobody is thrilled with either offer other than guys like me that bought it for New Years at 12. And most of the newbies sold after it traded at a premium to the first bid. More butter for the popcorn please. Enjoy the show.  

SargeX wrote: Hey Lashing

I totally agree that IPL management mis-managed this whole take-over and that's why I decided to sell all our shares (held since Mar, 2010), take our profit, and move on. It really has turned into a major drama.

As mentioned, we still have full positions in ENB, KEY, PPL, and TRP so are very well represented in the midstream space (which is a great place to invest in the medium term)

Good luck with all of this as I think you're gong to need it.
  Sarge

lashing wrote: and this is what so many here dont understand. IPL management painted this corner. Its not offer A or Offer B ... its IPL really leaning into offer B and doing their best to get no better and sell everyones shares at a discount so they get a big fat bonus from PPL

VPAThinker wrote: SteveW,
The PPL offer as accepted by IPL does not allow them to negotite with anyone else or they incur the break fee (the poison pill)

They are also obligated to reaffirm their recommendation every time a competing offer is made.