Post by
Ariahp on Jul 24, 2021 11:41am
MY OPINION - For whats it Worth
First and Foremost I voted my 49k PPL and 29.5K IPL shares for the Merger.
Now I think ,If PPL is going to make a better offer, I think it will happen on July 28th. Why do I say that. Well think about it.
As we all vote, IPL/PPL are most likely getting updates from Kingsdale Advisors as to how many shares have been voted in favour of the deal.
If an increase in the offer is coming from PPL it will happen on July 28th with an extension of the date mirroring the shennanigans of BF
Just My opinion
GLTA
Comment by
hawk35 on Jul 25, 2021 2:50pm
Hey Sarge. I did the same thing. Voted my shares, my wife's shares and my mothers shares for the merger. I'm also hoping IPL turns it down. Would prefer to see PPL gets the break fee and then buy some of the assets from Brookfield that make sense for PPL's business. This was the first time I used a QR code to vote. Made it so quick and easy to vote.
Comment by
alkhor on Jul 25, 2021 3:23pm
If the IPL shareholders vote down the deal there is no break fee applicable. The break fee only applies if IPL management decide to accept another bidders offer.
Comment by
hawk35 on Jul 25, 2021 3:54pm
Hey Alkhor. If IPL shareholders vote down the takeover, the break fee is applicable. One of the reasons break fees exist is to protect the buyer from the unpredictable actions of shareholders. This has happened many times with many different companies. If shareholders turn down the deal, they do so will full knowledge that $350 million will have eto be paid.