Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

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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 > Brookfield Infrastructure Responds to Inter Pipeline

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Comment by SargeXon Jun 04, 2021 12:47pm

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Post# 33330442

RE:RE:RE:RE:Brookfield Infrastructure Responds to Inter Pipeline

Hey Leo

Yup, sticks in the craw alrighty. Brookfield have sure lost credibility with me with the BEPC fiasco, then the BPY.UN screw-over, and now IPL. They used to be our largest aggregate holding with full positions in all of BEP.UN, BPY.UN and BIP.UN. We've sold all our BEP.UN and BPY.UN and trimmed 60% of our BIP.UN.

I just get bad vibes from Brookfield and feel that there is way too much financial engineering and way too much focus on lining their own pockets ahead of shareholders.

Take her easy
Sarge

leo101 wrote: hey sarge, the bep,un/bepc nonsense still sticks in my craw. i wouldn't be surprised if the bipc offer has an addendum on the dark web referring to "due bills" where the ipl share holders end up getting sweet f all.

it's interesting that the new bipc offer has a tax free roll over to bipc shares whereas the first offer was straight dispostion of shares with tax implications. the whole market has risen a lot since the orignal offer was made so there is not much of a premium now.

SargeX wrote: 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.