RE:$ 30 Cash OfferNot that long ago Pembina was worth $47/share which at the time IPL was at $20/share. Things change. I consider the PPL deal fair and allows PPL/IPL shareholders to benefit from the recovery/growth of both entities in tandem. PPL / IPL share prices have always moved (relatively) in sync and as PPL price is at pre-pandemic levels and there is organic growth opportunities within this company as is I do not feel this is a low ball or predatory offer.
While BIP's all cash (I do not believe retail investors will ever get a fair shot at the share side of the deal) offer most certainly is.