Incitec Pivot Ltd T.IPL

RE:RE:RE:IPL asking price-24$

[downwithdotcom1]

sorry, its YOU that are being naive-BROOKFIELD is calling out management/BOD with their "its too low" defence (maybe to protect their own jobs) . With a shop it around clause -this would avoid any kind superior break fee that sometimes is part of the language in a takeover. FACT: IPL is only worth what some-one is willing to pay for it. BROOKFIELD has let it be known that they would have raised the price subject to getting access to private data . Now,, IPL is going to go public with confidential information (ie off take agreements, status of partnership ) and yet IPL refused to share this same information with a suitor all this time..WHY????  They could have signed a legally binding confidentialy agreement to enter advanced disccusions and then to argue a price based on known financials but, again, IPL refused. WHY??  No harm lost - IPL can still reject the stated offer but do this with datapoints as to why not. The question that needs to be asked is management working for the shareholders, or are now working for themselves?? Anyways, the story is out and its the markets that will decide-i expect if IPL does release private info - BROOKFIELD will up the offer to $18 + and then a white knight offer will be needed to get a higher price..dwdc