RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ASE hearing today Starting at 8.30 amHey Ariahp
Add me to the list of people grateful for your excellent reporting of the proceedings. Thanks mucho!!
I'm in total agreement with you, Max, and the others that think Brookfield are really slimy. I used to be a big fan but a bunch of different events have really soured me. We once had full positions in BEP.UN, BIP.UN, and BPY.UN but have sold all our BEP and BPY and 80% of our BIP.
Also, as mentioned, we sold all out IPL (after holding for 11 years) but have had a full position in PPL since Oct 2013. (also for midstream we have full positions in ENB, KEY, TRP so cupboard is fully stocked).
I'd probably prefer that BIP wins and has to pay the full break-up fee to PPL but would be fine if PPL wins the take-over battle. One way or the other, I think IPL is a goner.
Take her easy
Sarge
Ariahp wrote: btttmfisher:
It was my pleasure to report the proceedings as they progressed. This was my 1st ever experience and I really learned a lot.
To me the IPL/PPL presenters were far better and mostly put BF on the back foot trying to defend or explain their actions
The bottom line is that BF started to buyshares in May 2020 and also formed a few swap agreements. The whole idea being the alliances will vote for the BF deal. BF claimes that they have no influence on these SWAP agreements and they cannot influence them to vote for BF.......I doubt that
They also r giving BMO a $15m fee if successful. BF claimed that BMO has chosen not to vote this takeover. The Chairperson Caught them as BF did not have any written commitment for BMO not to vote period....Liers...Shysters.
ASE did get all submissions on the 7th. Today was verbal presentations. So they know all the issues and will be able to form an opinion by mid day Monday and announce it
Lets hope for PPL/IPL merger to go through
Have a safe weekend
GLTA