RE:RE:Pembina don't be an idiot....The market was expecting a bidding war. PPL announce after the market was closed that they are not going to engage in a bidding war. So in theory, come Monday. PPL should be up by at least $350 million market cap if the market doesn’t think they will get IPL which means they get a $350 million gift.
Management is smarter than Brookfield vultures. If Brookfield plans to break up the company then PPL can use the $350 million to cherry pick what part of IPL they want.
It’s a win win for PPL.
I would think the price should be up on Monday one way or the other but let’s wait and see.