Incitec Pivot Ltd T.IPL

RE:RE:RE:RE:Offer is below stock price

[MohamadJ5]

leo101 wrote: hey sarge, i emailed brookfield about taxes and they said taking bipc shares would create the same taxable event as taking cash.  considering the huge premium for bipc over bip.un i would take the cash and buy bip.un.

SargeX wrote: If I was guaranteed to get the 0.206 for all my IPL shares, I would seriously think about doing it at these prices so that I could avoid the capital gains (Brookfield has said that would be an option).

The problem is that they say the number of BIPC shares will have a limit so there's no guarantee you will get them all and whatvever ones you don't get would result in only getting the $16.50.

I just did a quick calc and a price of $18.40 for IPL looks like it would balance the extra taxes so I would consider selling at least part of our remaining IPL shares at $18.50.

One other potential from Brookfield on the offer side is to raise the cash consideration to $18.25 but keep the ratio at 0.206.

It's all very interesting and as I've mentioned, I really don;t trust Brookfield's "slimeball" level.

Ciao
  Sarge

Antonyius wrote:
you are and I find many others have made the mistake as well, and that it's a multi-faceted offer, there's the cash offer of $16.50, yes, but also the 0.206 share of bipc, which would put the value at 18.24 at most recent close Ofc, at current prices nobody's going to take the cash offer and go for the bipc route so that's reflected in the IPL price