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Bullboard - Stock Discussion Forum Pembina Pipeline Corp T.PPL.PR.G


Primary Symbol: T.PPL Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | PMBPF | T.PPL.PR.I | T.PPL.PR.O | T.PPL.PR.Q | PPLOF | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines... see more

TSX:PPL - Post Discussion

Pembina Pipeline Corp > MY OPINION - For whats it Worth
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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 JayBanks on Jul 24, 2021 7:50pm
My very minor 357 PPL shares got voted yesterday for the deal too... Would really like the deal to go through not only for all the expected income outlooks, but beyond that, I feel PPL is setting up for growth in Western Canada that is very needed for the future and they have the pocketbook and ability to achieve the goals and be very positive as a whole for everyone beyond just stake holders. I ...more  
Comment by SargeX on Jul 25, 2021 12:21pm
I also just voted all our PPL shares for the deal but only in hopes of the IPL shareholders voting it down and PPL getting the break fee. I'd prefer just getting the quick dough and avoiding inheriting a bunch of IPL debt but I would be fine if it works out that way. As mentioned, my wife & I had a full position in IPL but have sold all of it. We also had a full position in BIP.UN and ...more  
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.