Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Specialty Chemicals

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

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Incitec Pivot Ltd > Fabulous Deal PPL buy IPL

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Comment by Maxmoeon Jun 01, 2021 10:06am

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Post# 33302499

RE:Fabulous Deal PPL buy IPL

Who doesn't like a good thwarting. The bip boys can join the leafs on the golf course. This is my only pipeline stock now and the whole market is making it harder to answer the question..... and buy what? If I sell. So for me IPL is same as cash, and I can take the summer off. Offer could have been better, as always, but yeah, feels good. GFY Brookfield.

Ariahp wrote:
Pembina Pipeline Acquiring Inter Pipeline for C$8.3 Billion to Gain Control of Petrochemical Complex and Thwart Brookfield

08:47 AM EDT, 06/01/2021 (MT Newswires) -- Pembina Pipeline (PPL.TO) on Tuesday said it agreed to acquire rival oil and gas pipeline and processing company Inter Pipeline (IPL.TO) for shares worth C$8.3 billion, creating Canada's largest midstream energy company and thwarting a hostile takeover offer for Inter Pipeline from Brookfield Infrastructure Partners.

Pembina is offering 0.5 shares for each Inter Pipeline share, an offer worth C$19.45 per share, an 11% premium to the company's Monday closing price of C$17.55 on the Toronto Stock Exchange

Pembina said the two companies have complementary assets in Western Canada that are mostly already interconnected, while Pembina's dominant position in propane supply in Alberta will assure raw material for Inter Pipeline's C$4.2 billion Heartland Petrochemical Complex (HPC), currently under construction in central Alberta.