Algonquin Power & Utilities Corp T.AQN.PR.A

TRP Splitting Into Two Companies

[AlwaysLong683]

Article on TC Energy separating into two separate companies by spinning off its liquids business.

Possible AQN could do likewise with their utilities and renewable power assets if they can't find buyers willing to purchase some / most of their renewables at a decent price...?

[BSdetector2016]

Banskota is too stunned to do this on his own; he'd have to be told to do it by the activists.

[AlwaysLong683]

Activist investor Starboard (7.5%) wants AQN to sell its renewable assets, but these assets are only worth what another entity is willing to pay for them. I suspect AQN has received interest from potential buyers, but if all they are receiving are lowball offers, what does Starboard propose they do? Sell the assets for a fraction of what they're worth? Easier said than done.

[bmbruce]

..traditional hedge fund strategies, like that of Starboard Value, involved acquiring stakes in underperforming companies and advocating for a breakup through asset sales to unlock higher perceived value… while these strategies might have been successful in a period of easy credit and high infrastructure demand, the current market landscape with elevated interest rates, restricted access to