Veresen Inc. T.VSN.DB.B

Good or Bad

[check737]

This doesn't sound like enough of a premium to me. What do others think?
Who else might be interested in VSN?

[Macmckim]

I also think the buyout number is low.  If Veresen had approval on Jordon Cover project, the share price would have been in the low $20.  The PPL would be offering in mid to high $20's.  Also wondering if there might be another suiter in the wings?

[RipCrackle]

If I read between the lines then I think what they're saying is that the merged company would have a better shot at building and supplying Jordan Cove. Either way I will likely take the shares and not cash.

[check737]

In the last year PPL has been up about 10% and VSN 75%. Seams like PPL is getting the best of this deal. I am not sure that I would take owning PPL over Enbridge or Transcanada. Having said that I have never dine any research on PPL. Open to feedback. Thanks

[righand2]

Then how can you comment on PPL? This deal is dilutive in the short term, but once VSN's new Canadian midstream is online, and once Jordan Cove is built and operating, this will look like a stroke of genius.

[Buddha1]

I too, was wondering about the premium.  It's some 20% higher than recent trading.  However, VSN touched $19 not too long ago in 2015.  In addition, they sold their power generation business to concentrate on the core operations.  However, I've not found anything anywhere to see if this is a reasonable price.  The only think I can think of is, if anyone out there