RE:RE:RE:DisagreeOldfart74 is absolutely correct. Absolutely.
People who are dissatisfied with either the PPL or BIPC offer should be blaming IPL management becuase their high risk financing strategy for HPC failed and as a result the company was left exposed to opportunistic bids by companies with stronger balance sheets.
So, yes, in a perfect world where IPL had a great balance sheet this could have ended better for IPL shareholders, but that is not the present reality. IPL was so financially wounded as a result of a high risk financing strategy, they were forced to cut their dividend and sell assets in order to fund HPC. That left them exposed to others to take over the company.
What I find fascinating in this whole process is something that IPL's management crowed about lots and lots several months ago: they were ostensibly looking for a partner for their HPC facility. They talked lots about how they were looking for a partner etc.
And instead they came up with the PPL bid. So think about it, if there had been a super partner for HPC then that would have surfaced. It didn't and so management played the best they could with a vweak hand.
IPL shareholders need to get over this fantasy with HPC. The company will not survive as an independent entity to see the completion of HPC.
And yet the fantasy of $24 / share price or higher rages on in the minds of some IPL shareholders.
If they want to dream they should buy lottery tickets instead of complaining about how IPL's share price is not fulfilling their dreams.
Oldfart74 wrote: darb wrote: In a perfect world we all want IPL intact until we can reap the rewards of HPC. BIPC threw a wrench into that plan and, as I see it, PPL is now our best chance to participate in HPC.
My friend if you wish to particate in the HPC, you have two alternatives:
1. Buy stock in BIPC directly
2. Acquire shares in IPL, tender the shares to Brookfield and select to receive as many shares as possible in BIPC.