OTCPK:ICPVF - Post by User
Post by
hawk35on Feb 12, 2021 2:51pm
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Post# 32554832
Day 3 and still no offer exists yet
Day 3 and still no offer exists yetBrookfield must not be in a hurry. On day 3 IPL has not received an offer yet. What we saw three days ago was just an advertisement. It is not binding and has no legal value.
I find it interesting that Brookfield started discussing an offer last September and IPL has not yet received anything in writing. Makes me wonder if they are hoping another buyer will emerge so they can make a fast buck on their 19% of the shares. Maybe they don't want the responsibility of runnig IPL and then dismantling and selling off the crown jewels one piece at a time. Time will tell.