RE:RE:RE:RE:An Interesting Cycle... a good move to maximize value for ipl shares you got.
I was thinking, what if bipc want to milk a bit more money out of this deal.
Say, what if bipc bump the offer to 20-21 cash? We all know this is still undervaluing IPL and both bipc and ppl have room to up their bid, especially for ppl since they are using all paper. This could bump up ipl share price to 21's. Since bipc has ~20% of ipl (directly and indirectly), every $1 increase of ipl, bipc reaps an extra $430 million just by upping their offer again because chances are PPL would still win at a 20-21 bid offer. If bipc can't buy ipl to flip it for profit, bipc can make some extra dough here just playing the game of chicken.
Albatross wrote: I wanted IPL to go it alone but I saw that wasn't happening.
After a hard night of beers I saw the writing in my alphagetties soup the next day.. buy pembina.
You do have a point. Once Pembina is trading above $40 IPL will follow in lockstep. I just wanted to capitalize on the difference in values the market was trading at and capitalize I sure did. I think I got close to 0.55 Pembina per each of my IPL share last week. Keep on trucking Pembina woot!!
I don't see another offer on the table from Brookfield but I could be wrong. Another offer would obviously be a big win for IPL shareholders.
All around much more comfortable sitting and holding Pembina. Big fat dividends and lots of growth projects. A clear win anyway this IPL deal goes.