Veresen Inc. T.VSN.DB.B

Lots more to come on this deal

[ramman1]

''The agreement in respect to the transaction ,includes customary provisions relating to non-solicitation ,fiduciary outs for Veresen, with respect to a financially superior alternate proposal and Pembina"s right to match such proposal''. --- There is no break-up numbers in the report, and there is ''no love lost'', between Pembina , and Enbridge. Enbridge will not sit tight and have Pembina as a 50% partner. Expect a higher offer ,from Enbridge.

[autofocus111]

I was a bit surpised by the fact that PPL chose to target VSN. It seemed that since ENB//ENF already has a 50% stake in Alliance that it woudl be logical for that company to buy up 100% ownership of this asset. I wonder if PPLand ENB might come to an arrangement where VSN assets are split up between them after the buyout. 

[jodietoadie]

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