OTCPK:ICPVF - Post by User
Post by
marketsenseon Jul 26, 2021 12:48pm
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Post# 33604751
Agreed
AgreedI think "hapless" is a very good adjective in describing IPL's board in managing this whole
process. They gambled on the PPL offer and it cost IPL shareholders $350M. That is a
sizeable loss. The only mitigating factor is a slightly better takeout offer by BIPC but that
is the end of the HPC dream for IPL shareholders. The IPL board should be embarassed
to be nth degree over this. They have been schooled by both PPL and BIPC in how to get
screwed in a bidding process. What a travesty is all I can say.