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.

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Incitec Pivot Ltd > the break fee will be deemed to have violated law

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Comment by bttmfischeron Jul 12, 2021 3:45pm

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Post# 33530824

RE:RE:RE:RE:RE:the break fee will be deemed to have violated law

Ariahp,the the Break Fee, also known as the "Poison Pill" is defense mechanism against hostile takeovers of smaller firms by others. I have not heard it to be declared unlawful so far.
In this case though, I believe the fee was not IPL's condition to the merger, but PPL's.
It was designed to make a substantial raise in BF's bid too costly by paying a large penalty to the loser of the bidding(PPL).
In a few hours we will find out what interpretation ASC adopted to base their Decision/Ruling on.
It will be interesting.

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