Algonquin Power & Utilities Corp T.AQN

RE:RE:RE:RE:Brookfield does not have access to the books

[BSdetector2016]

Canoutchie wrote:

jx7000 wrote:

pennydredful wrote: If  Brookfield becomes involved , given our dire straits , one  can  be sure  they will end up with the long end of the stick  and  us suckers the short end.  Bansky   will  say  "whats  in it for  me ?" 

That's exactly (pretty close) how they bought out IPL a couple of years ago.

What was the premium that Brookfield paid for IPL? 
Does anyone remember offhand?

Indeed, investors have soured on AQN management, but I'm intrigued about a possible buyout of existing assets, with the potential acquisition kicking out the existing AQN mgmt, and walking away from the Kentucky deal, and then running the existing assets more efficiently. 

I may try and work some math during the slow period over the holidays, as I doubt anything with regards to a possible takeover would occur before then. 

Last record I have for IPL is from May 2021 when it was trading around $17.50/sh, after the 1st low-ball Brookfield offer. Actual premium seems to be somewhere in the 14% range.

Under the Revised Brookfield Offer, each Inter Pipeline shareholder has the ability to elect to receive, per Inter Pipeline share, $20.00 in cash or 0.25 of a Brookfield Infrastructure Corporation class A exchangeable subordinate voting share (“BIPC Share”), or, solely in the case of eligible Canadian Inter Pipeline shareholders seeking a rollover for tax purposes, 0.25 of an exchangeable security (each an “Exchangeable Unit”) to be issued by an indirect subsidiary of Brookfield (“Exchange LP”), subject to pro-ration in respect of the BIPC Shares and Exchangeable Units.

Among other things, the Notice of Change describes the robust strategic review that preceded the Revised Brookfield Offer recommendation. Based on the results of the strategic review, the Revised Brookfield Offer is the best alternative currently available. The non-prorated $20.00 per share cash offer is approximately 21 percent higher than Brookfield’s original $16.50 per share prorated cash offer.