OTCPK:ICPVF - Post by User
Comment by
Oldfart74on Jul 14, 2021 1:59pm
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Post# 33543169
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IPL version
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IPL versionpjn0987654321 wrote: OK, I interpreted your statement to mean that they extended because they have the support they need, not that they extended because the ASC modifications made them.
I don't see why they would consider enhancing their offer if they have the support they need.
You mention "good support". Does that imply they are still working towards the support they need?
On the evening of July 12, I posted the following statement "
By now Brookfield will have a pretty good idea of the level of support for their offer. If the indications are that they have good support, you can expect a revised takeover bid with a new expiry date and further information as required by the ASC. Awaiting the Brookfield decision."
Just my opinion. I also have posted yesterday that the 55% tender requirement is a very high bar to reach plus the poison pill is still in effect.
In my opinion, a negotiated settlement is preferable - either specific IPL assets in exchange for share position or specific number of PPL board seats.