OTCPK:ICPVF - Post by User
Comment by
mrbbon Jul 17, 2021 3:35pm
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Post# 33565501
RE:Pembina is clearly the better offer
RE:Pembina is clearly the better offer if ppl is a square shooter, it shouldn't have a problem paying closer to the $24 that IPL had indicated for rejecting BIPC's first offer. I'm disappointed with ipl management for locking up a deal with ppl for ~$20 (50% of PPL), far from the $24 threshold bar that ipl had indicated for any negotiation. Since BIPC still upped their offer with the 350M break fee in place, it goes to show ppl offer still undervalued ipl, and the breakfee is not a barrier as paying extra ~60 cents/share breakfee to get a 24+ stock for $20-22 is still worth it for BIPC.
rapid_fire_ wrote: ....Pembina are sqaure shooters and will develop the pipelines and infrastruture well . Brookfield is full of curve-balls and sharholders will be screwed in the end . IF Brookfield gets ahold of IPL, watchout !!! they will screw over the shareholders - twice or three times ! Ask the Brookfield Property shareholders . NAV was 30.00 ++ , shareholders got about 22.00( after they drove down the price ) . Then Brookfield took Brookfield properties private to break it up ! Yikes ! . RIETS are on fire now , sharholders got screwed .