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Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

Chemicals Basic Materials
Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.


OTCPK:ICPVF - Post by User

Incitec Pivot Ltd > Brookfield's offer outpacing PPL's
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Comment by roberto146on Jul 05, 2021 4:39pm
113 Views
Post# 33494023

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Brookfield's offer outpacing PPL's

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Brookfield's offer outpacing PPL'sQuint.
The point is that the 26% number has nothing to do with the float and total shares number. The 26% was an estimated proportion of the dollar value of the deal, at the time of the offer, that the value of  IPL conversion shares represented.
The maximum number of IPL shares that will be accepted for BIPC.TO is 137,777,778, and is a function of the number of BIPC.TO shares, 31 Million,  that IPL shares will be converted to at 0.225 IPL to BIPC. It has nothing to do with float numbers or issued share numbers. The maximum of IPL shares accepted for conversion would be about 32% of total shares, the other 68% would be at 19.50.
The increase of BIPC conversion shares from 23 Million to 31 Million, being 34.7%, ~35%, is another number again. Yes, they increased the number of shares available for conversion. That's wasn't the discussion.

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