The article (below) has a fact wrong and a quoted price with...

The article (below) has a fact wrong and a quoted price with which I do not agree.

Vote is on Monday 25th July at 11am - not today....so everyone must have votes in by 11am Saturday 23rd.

Other is price of TGP at $200 mill. Even the Independenet Expert valued at $225 to $235 mill in 2009 - so hardly a 40% over the top price by Palisade? Further, if I recall correctly Merrill Lynch recently valued at ~ $350 mill....so perhaps he menat to say 40% discount?

Autralian Article reads........

"Price remains puzzle to insiders

ONE question puzzling industry insiders is the healthy price tag of the Brookfield-owned WestNet Infrastructure Group.

Investors today vote on the sale of the Prime Infrastructure entity (AET&D) to a consortium led by Canada's ATCO and including Duet and Palisade Investment Partners for about $1 billion, including $644m in debt.

WestNet's portfolio includes the WA Gas Networks, Multinet Gas Network, Dampier-to-Bunbury natural gas pipeline, Tasmanian Gas Pipeline and WestNet Energy.

Word is Palisade's willingness to pay a hefty $200m for the Tasmanian Gas Pipeline -- about 40 per cent more than expected -- helped effectively underwrite the final price paid by ATCO and Duet.

The sale, which unravels assets formerly held under the Babcock & Brown empire, will see ATCO take a 74.1 per cent interest in WAGN from WestNet Infrastructure Group through AET&D Holdings, and Duet pass its 25.9 per cent stake in WAGN to ATCO in exchange for lifting its stake in the Dampier-to-Bunbury gas pipeline to 80 per cent as well as a 20.1 per cent stake in the Multinet Gas Network."

VOTING

Remember if you are intending to vote then get it in before 11 am on Saturday ...and don't leave to the last minute as onl;y 1 fax number and it may get busy :)