my commentsHere's my post from the IPL board. Totally agree with a number of posters here that think this is great news.
Ciao
Sarge
We did a similar thing selling all our IPL between $19.10-20.25 (after holding for 11 years so made some decent dough, mostly on divys) and just spread the cash around to some of our existing holdings. We already had a full position of PPL before that so didn't add to it.
I was definitely pleased as punch to see the news this morning. It's the outcome I was hoping for as I didn't really like PPL taking on all the IPL debt and I figured there'd be some additional drama to come. I also love PPL getting the break fee.
Now I'm really just a spectator but am very interested to see how things pan out. In the end, I still think Bayle is a total toolkit and that the board scr*wed the IPL shareholders big time starting with doing Heartland without a partner.