RE:RE:Pembina don't be an idiot....$44 to $49, ya PPL is worth that and more on its own.
However, the stock won't go up now till the voting is done.
Why is that?
Cause if the stock goes up then their offer to takeover Brookfield is worth more.
Pembina at $44 means their takeover offer is now worth $22 for IPL far more than what Brookfield is giving.... So it will likely get accepted
So ya, that stock is likley to be in limbo till the deal goes either way and I suspect it will be very close to going ahead or they get a break up fee. Either way I suspect the stock will bounce up once the time frame passes as their next Q2 report in August should be pretty good results.
I am begining to think that management of IPL and PPL got together to find a way to screw over Brookfiled and either make them pay more and give cash to PPL or lose the whole thing.
Either way I am impressed that PPL at least held their ground.
I hate management that behaves like drunken sailors whihc so far does not appear to be the case.