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Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

Chemicals Basic Materials
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.


OTCPK:ICPVF - Post by User

Incitec Pivot Ltd > Brookfield calling
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Comment by semiRet4everon Jun 10, 2021 6:43am
175 Views
Post# 33360792

RE:RE:RE:RE:Brookfield calling

RE:RE:RE:RE:Brookfield calling They do "offer".225 of a BIPC share and seems there is some risk one may be stuck with them wanted or not.

BIPC was spun out of BIP as an equivalent share exchangeable 1 for 1 with BIP and paying the same dividend. BIPC now trades at 30% premium to BIP, it has a less complicated tax structure but it is hard to believe that justifies the share value delta. Given the current price of BIPC multiplied by .225 the offer is far below the 19.50 cash offer and PPLs offer as well.   If the BIP deal goes through and the BIPC share value moves closer to the BIP value (which seems likely) one may not be pleased with the result.

I had a smattering of BIPC shares from the original spinout and decided to dump them near a recent peak (still hold BIP) , I also flipped my IPL to PPL (had held IPL for several years so took a loss).
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