Incitec Pivot Ltd T.IPL

RE:RE:Brookfield Infrastructure Responds to Inter Pipeline

[SargeX]

Hey BT

I totally agree and thought the same things when reading the release. It definitely was well written and I think it's going to change how a few IPL investors are thinking. I still do think it is a low ball bid and Brookfield would split IPL and sell its parts but that's just the kind of operators they are.

Interesting on their "scare" tactic with mentioning how they'd be selling all their PPL shares if the PPL deal goes through. Then following that up with for how quickly the BIP offer would settle if accepted:

• Brookfield Infrastructure has received all key regulatory and anti-trust approvals and our Offer is open for Tender until June 22 nd with take-up and payment within three business days thereafter.

:
I always hate how take-overs drag on and I think others feel this way as well.

Having sold all our IPL shares already and having a full position in PPL and a minor position in BIP.UN, I'm now hoping that the BIP offer goes through and PPL gets the break-up fee.

Ciao
  Sarge

bttmfischer wrote: Having read the ntire text of the Brookfield "Response", there is on statement in it that got my
attention.
It said that since BIP already owns almost 10% of IPL shares, they would BECOME PPL investors, if the merger of IPL and PPL became a reality. Brookfield stated however that they
have NO INTENSION of becoming a long term PPL investor. Another word they do not want the
IPL-PPL union.
I see this as a potential sweetened offer by BIP.
PS. Their "Response" was very well composed, I have to admit.