PIH prime infrastructure group.

Any guess as to what is going on?Presume BIP have been looking...

  1. 462 Posts.
    Any guess as to what is going on?

    Presume BIP have been looking at revising their offer?

    Possibly to preserve the $4.60 cash component which has been devalued down to around $4.20 (or so?)due to the AUD/USD exchange rate move since the offer was made?

    Presume this is to make the offer attaractive again to the many small holders which they may need to get for the 75% approval of those that vote.

    Hope this is the case and they are not revising the 0.24 BIP for PIH aspect - as after being a firm NO proponent I was considering a YES vote as the AUD value was approaching the $5.08 PIH issue price even though this is still undervalued by 20% IMHO.

    All of the above is from memory and is pure speculation but interested to hear what others have to say?

 
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