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 > IPL version

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Comment by TVRon Jul 12, 2021 10:44pm

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Post# 33534332

RE:RE:IPL version

The ASC decision looks like it means Brookfield has to secure 75% of the total IPL shares to make their bid work - 55% of shares tendered + their own 20% (9.75% owned share + 10% beneficial interest). This seems a stretch given the attractiveness of the PPL offer that allows IPL shareholders to retain a stake in Heartland and is a tax free conversion ( which the Brookfield offer is not). Either Brookfield increases its offer or this is likely over tomorrow when the Brookfield offer expires.

Personally I like the idea of retaining an interest in Heartland, along with the 6%+ PPL dividend.

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