OTCPK:ICPVF - Post by User
Comment by
roberto146on Jun 21, 2021 5:30pm
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Post# 33424589
RE:Frustrating
RE:FrustratingI don't know what's wrong with some of the commenters here.
marketsense writes: " have effectively sold out thereby nullifying
a proper bidding war ..." ??
IPL came to a clean cut agreement that was 3 dollars higher than the 16.50 hostile bid, which sat there for almost four months without revision and was obviously low ball. IPL chose to negotiate a deal with a Canada-based company in the industry that was mutually beneficial.
All BIPC has to do is actually make a higher hostile offer (they haven't done so yet, after 3 tries), that is without the qualifications and confusion and negative tax implications, and if enough IPL shareholders choose to submit their shares then BIPC can win.
If such an offer appears, that actually exceeds PPL's, then PPL can increase its offer.
There's your bidding 'war'.