OTCPK:ICPVF - Post by User
Comment by
Dibah420on Jul 16, 2021 10:08am
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Post# 33558820
RE:RE:RE:Pembina's new offer.
RE:RE:RE:Pembina's new offer.Quintessential1 wrote: Yes and all that got them was a 5% raise on the minimum tender requirement.
They also said that they didn't have jurisdiction and that the shares vote.
Dibah420 wrote: " After all someone is going to have to convince BMO not to vote the deal down and they have a $15MM succesful BIPC acquisition fee at stake."
That "someone" is the Office of the Superintendant of Financial Institutions. As Alberta noted there was "clear abuse" and clearly BMO Nesbitt was complicit in the nefarious deal.
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BMO is a federally chartered bank and OSFI has ample jurisdiction.
Perhaps you were not able to complete a thought because "shares vote" doesn't make sense.