OTCPK:ICPVF - Post by User
Post by
cajansurferon Jul 17, 2021 2:38pm
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Post# 33565419
Institutional Shareholder Services (ISS) weighs in
Institutional Shareholder Services (ISS) weighs inAn article on Bloomberg.com Sat July 17 at 12:05 pm, titled " Brookfield's Inter Pipeline bid Favored by ISS over Pembina Deal" outlines why Institutional Shareholder Services (ISS) recommends IPL shareholders vote against the PPL offer. While "there is a sound stategic rationale for a combination with PPL and the all-stock transaction could deliver upside for investors, Brookfield's higher cash offer provides financing certainty without regulatory risk"
Notwithstanding this view, the article also sums up where we are now - " Brookfield's latest move puts additonal pressure on IPL's board to secure a better deal from PPL."