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.

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Incitec Pivot Ltd > what is better

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Comment by Ladislav3on Jul 15, 2021 11:39pm

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Post# 33557510

RE:RE:RE:RE:what is better

As I understand the offers currently are:

Brookfield:
$20 cash OR 1/4 of a BIP.UN equivalent share (closed today at $90.62, for an equivalent of $22.655)

PPL:
1/2 of a PPL share (closed today at $39.25, for an equivalent of $19.625)

Selling on the open market today:
$20.91

So Brookfield is indeed better in terms of current market value. The differential now is actually substantial enough for me to consider tendering my shares. I will hold off for now to see whether PPL increases its bid.

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